United States, current spending policies are likely to
result in an ever-growing burden of federal debt held by
the public …
federal debt held by the public, which will have a corro-
sive and potentially contractionary effect on the econ-
omy.
1
The … surplus in the rest of the budget or
borrow from the public.
Actual Projected
1985 1995 2005 2015 2025 2035 2045 2055 2065 …