Reducing the Deficit: Spending and Revenue Options.

Abstract

Deep concern over the federal deficit continues to drive the budget debate. The Congressional Budget Office (CBO) projects that if current policies remain unchanged, the deficit will begin to grow in 1997 after four years of decline. That growth is expected to be moderate over the next decade. More troubling, however, are long-term budgetary trends that threaten to create unprecedented deficits and debt by the middle of the next century, potentially causing damage to the economy. Taking action now to reduce the deficit in the near term would contribute to long-term budgetary stability and make the additional policy changes required in the future less painful. This volume includes many options for changes that would help to lower the deficit by reducing spending or increasing revenues. The President and the Congress have expressed their commitment to a balanced budget by 2002, and the options could be used to devise a wide variety of ways to reach that goal.

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Document Details

Document Type
Technical Report
Publication Date
Mar 01, 1997
Accession Number
ADA323521

Entities

Organizations

  • Congressional Budget Office

Tags

Communities of Interest

  • Biomedical
  • Energy and Power Technologies
  • Ground and Sea Platforms
  • Weapons Technologies

DTIC Thesaurus Topics

  • Aircraft Equipment
  • Aircraft Industry
  • Airframes
  • Business Administration
  • Climate Change
  • Employment
  • Greenhouse Effect
  • Health Services
  • Management Personnel
  • Marine Transportation
  • Medical Personnel
  • Military Medicine
  • Military Science
  • Organizational Structure
  • Personnel Management
  • Recreation

Readers

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