DeWald, William G. - In: Economic Review (1985) Nov, pp. 15-22
’s optimism derives from the inflation adjustment factors he applies to the CBO and OMB deficit projections based on the 1986 … (i.e., inflation-adjusted) deficits. Inflation mitigates the burden of a given nominal deficit in two ways: first, it … debt. Dewald claims that if the Budget Resolution is implemented, then by 1990, the ratio of inflation-adjusted publicly …