What if the National Debt Were Eliminated? Some Economic Consequences
Description:
As the budget has moved from a position of large deficits to large surpluses, then back to deficit again, a debate has emerged about the desirability of retiring the
national debt. Although the national debt would not be retired under current baseline forecasts, it remains an important element of the budget surplus debate. By the end of the baseline window, the national debt is forecast to reach its lowest level in the post-war period as a percentage of GDP despite the dramatic deterioration in…
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Date:
April 12, 2001
Creator:
Labonte, Marc
Partner:
UNT Libraries Government Documents Department