Running Deficits: Positives and Pitfalls

Running Deficits: Positives and Pitfalls

Date: September 14, 2010
Creator: Austin, D. Andrew
Description: The FY2009 federal deficit swelled to $1.414 trillion, or nearly 10% of gross domestic product (GDP), due to the economic recession. The size of recent deficits has added to longstanding concerns regarding the federal government's long-term fiscal condition. However, deficit finance can serve as an important policy tool. This report discusses how deficit finance can help governments manage their economies and how large and persistent deficits can lead to severe economic problems.
Contributing Partner: UNT Libraries Government Documents Department
The Debt Limit: History and Recent Increases

The Debt Limit: History and Recent Increases

Date: September 8, 2010
Creator: Austin, D. Andrew & Levit, Mindy R.
Description: This report discusses how the total debt of the federal government can increase, an historical overview of debt limits, and how the current economic slowdown has led to higher deficits and thereby a series of debt limit increases, as well as legislation related to these increases.
Contributing Partner: UNT Libraries Government Documents Department
Trends in Discretionary Spending

Trends in Discretionary Spending

Date: January 24, 2014
Creator: Austin, D. Andrew
Description: This report provides a graphical overview of historical trends in discretionary budget authority (BA) from FY1976 through FY2011, enacted levels for FY2012 spending, and the levels consistent with President Obama's proposals for FY2013 through FY2017. It also includes a background on functional categories and a section discussing historical spending trends.
Contributing Partner: UNT Libraries Government Documents Department
The Debt Limit: History and Recent Increases

The Debt Limit: History and Recent Increases

Date: May 16, 2011
Creator: Austin, D. Andrew & Levit, Mindy R.
Description: This report discusses how the total debt of the federal government can increase, an historical overview of debt limits, and how the current economic slowdown has led to higher deficits and thereby a series of debt limit increases, as well as legislation related to these increases.
Contributing Partner: UNT Libraries Government Documents Department
The Debt Limit: History and Recent Increases

The Debt Limit: History and Recent Increases

Date: May 2, 2011
Creator: Austin, D. Andrew & Levit, Mindy R.
Description: This report discusses how the total debt of the federal government can increase, an historical overview of debt limits, and how the current economic slowdown has led to higher deficits and thereby a series of debt limit increases, as well as legislation related to these increases.
Contributing Partner: UNT Libraries Government Documents Department
The Debt Limit: History and Recent Increases

The Debt Limit: History and Recent Increases

Date: January 20, 2012
Creator: Austin, D. Andrew & Levit, Mindy R.
Description: This report discusses how the total debt of the federal government can increase, an historical overview of debt limits, and how the current economic slowdown has led to higher deficits and thereby a series of debt limit increases, as well as legislation related to these increases.
Contributing Partner: UNT Libraries Government Documents Department
The Budget Control Act of 2011: The Effects on Spending and the Budget Deficit When the Automatic Spending Cuts Are Implemented

The Budget Control Act of 2011: The Effects on Spending and the Budget Deficit When the Automatic Spending Cuts Are Implemented

Date: May 4, 2012
Creator: Levit, Mindy R. & Labonte, Marc
Description: This report discusses the two main groups of spending reductions in the Budget Control Act of 2011: (1) discretionary spending caps and (2) an automatic $1.2 trillion spending reduction process that comes into effect on January 02, 2012. It also looks at projected effects of the Act.
Contributing Partner: UNT Libraries Government Documents Department
Past Government Shutdowns: Key Resources

Past Government Shutdowns: Key Resources

Date: November 25, 2013
Creator: Nagel, Jared Conrad & Murray, Justin
Description: This report provides an annotated list of historical documents and other resources related to several past government shutdowns. The report also includes links to full-text documents when available. There is limited information and guidance related to shutdowns, and it is difficult to predict what might happen in the event of one, but information about past events may help inform future deliberations.
Contributing Partner: UNT Libraries Government Documents Department
Reaching the Debt Limit: Background and Potential Effects on Government Operations

Reaching the Debt Limit: Background and Potential Effects on Government Operations

Date: November 21, 2013
Creator: Levit, Mindy R.; Brass, Clinton T.; Nicola, Thomas J. & Nuschler, Dawn
Description: This report examines the possibility of the federal government reaching its statutory debt limit and not raising it, with a particular focus on government operations. First, the report explains the nature of the federal government's debt, the processes associated with federal borrowing, and historical events that may influence prospective actions. It also includes an analysis of what could happen if the federal government may no longer issue debt, has exhausted alternative sources of cash, and, therefore, depends on incoming receipts or other sources of funds to provide any cash needed to liquidate federal obligations.2 Finally, this report lays out considerations for increasing the debt limit under current policy and what impact fiscal policy could have on the debt limit going forward.
Contributing Partner: UNT Libraries Government Documents Department
Discretionary Budget Authority by Subfunction: An Overview

Discretionary Budget Authority by Subfunction: An Overview

Date: February 14, 2012
Creator: Austin, D. Andrew
Description: President Obama's FY2013 budget submission was released on February 13, 2012. This report provides a graphical overview of historical trends in discretionary budget authority (BA) from FY1976 through FY2011, enacted levels for FY2012 spending, and the levels consistent with the President's proposals for FY2013 through FY2017. Spending caps and budget enforcement mechanisms established in the Budget Control Act (BCA) of 2011 will probably strongly affect the FY2013 budget cycle. This report may provide a starting point for discussions about spending trends and federal priorities, but it does not attempt to explain spending patterns in each policy area.
Contributing Partner: UNT Libraries Government Documents Department
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