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

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

Date: September 19, 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
The Case for and Against an Import Surcharge

The Case for and Against an Import Surcharge

Date: July 12, 1985
Creator: Reifman, Alfred
Description: The United States is now running a deficit of over $100 billion in its foreign trade and the Federal budget is in the red by roughly $200 billion. To deal with these two deficits, Congress is considering a temporary import surcharge. This brief examines the case for and against such a surcharge as well as its use against Japan.
Contributing Partner: UNT Libraries Government Documents Department
Constitutional Conventions: Political and Legal Questions

Constitutional Conventions: Political and Legal Questions

Date: July 8, 1985
Creator: Huckabee, David C & McCoy, Meredith
Description: This report discusses the applications that have been passed by 32 of the necessary 34 State legislatures to convene a convention to propose an amendment prohibiting abortion. Because this process for amending the Constitution has never been used, several unresolved legal and policy questions arise governing the convening and the authority of such a convention.
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: May 31, 2012
Creator: Levit, Mindy R.; Brass, Clinton T.; Nicola, Thomas J.; Nuschler, Dawn & Shelton, Alison M.
Description: The gross federal debt, which represents the federal government's total outstanding debt, consists of two types of debt: (1) debt held by the public and (2) debt held in government accounts, also known as intragovernmental debt. Federal government borrowing increases for two primary reasons: (1) budget deficits and (2) investments of any federal government account surpluses in Treasury securities, as required by law. Nearly all of this debt is subject to the statutory limit. The federal debt limit currently stands at $14,294 billion.
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: May 18, 2011
Creator: Levit, Mindy R.; Brass, Clinton T. & Nicola, Thomas J.
Description: The gross federal debt, which represents the federal government's total outstanding debt, consists of two types of debt: (1) debt held by the public and (2) debt held in government accounts, also known as intragovernmental debt. Federal government borrowing increases for two primary reasons: (1) budget deficits and (2) investments of any federal government account surpluses in Treasury securities, as required by law. Nearly all of this debt is subject to the statutory limit. The federal debt limit currently stands at $14,294 billion.
Contributing Partner: UNT Libraries Government Documents Department