Economic Effects of a Budget Deficit Exceeding $1 Trillion.

Examines at what point public debt will become unsustainable, in light of Federal budget deficit of $1 trillion for the first time ever; and projects whether future budget deficits will remain at unsustainable levels under current policy. Discusses risks associated with U.S. reliance on foreign inve...

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Bibliographic Details
Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 2009.
Series:	U.S. Congressional Research.
Subjects:	Business cycles. Investments, Foreign. Projection. Electronic books.
Online Access:	Connect to the full text of this electronic book

Description
Summary:	Examines at what point public debt will become unsustainable, in light of Federal budget deficit of $1 trillion for the first time ever; and projects whether future budget deficits will remain at unsustainable levels under current policy. Discusses risks associated with U.S. reliance on foreign investors to finance Federal debt, and considers effects of national debt on the economy.
Item Description:	Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource.
Physical Description:	1 online resource.