The Debt Limit: The Ongoing Need for Increases
Description:
The surpluses over the four fiscal years 1998-2001 reduced debt held by the public by $448 billion. More than offsetting this debt reduction, the surpluses credited to debt-holding government accounts (which generally must invest the surpluses in federal debt), increased their holdings by $853 billion over the same period. The combination ($853 billion minus $448 billion) raised total federal debt by $405 billion. During 2002, debt subject to limit increased enough to reach the then current sta…
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Date:
November 18, 2004
Creator:
Winters, Philip D.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department