Explains government rationales for running deficits, and recent Federal policy responses regarding U.S. deficit. Discusses benefits and costs of smoothing consumption via deficit finance, macroeconomic demand management theory and policy, political explanations for intergenerational transfers, and long term budget outlook on cost options for financing deficits.
ProQuest U.S. Congressional Research Digital Collection
Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Sept. 2012). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. AVAILABLE ONLINE TO AUTHORIZED PSU USERS.