What if the National Debt Were Eliminated? Some Economic Consequences

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Asthe budget has moved from a position of large deficitsto 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 the surplus forecastsince 2001. This report will explore the economic issues surrounding budget surpluses and debt retirement

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Labonte, Marc February 25, 2002.

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Asthe budget has moved from a position of large deficitsto 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 the surplus forecastsince 2001. This report will explore the economic issues surrounding budget surpluses and debt retirement

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1960's through 2018—covering a variety of topics from agriculture to foreign policy to welfare.

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  • February 25, 2002

Added to The UNT Digital Library

  • June 10, 2005, 8:05 p.m.

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  • May 1, 2020, 7:55 p.m.

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Labonte, Marc. What if the National Debt Were Eliminated? Some Economic Consequences, report, February 25, 2002; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metacrs2192/: accessed October 1, 2023), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.

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