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The federal debt: what’s the source of the increase in spending?

Kliesen, Kevin L.; Thornton, Daniel L. - In: Economic Synopses (2011)

The government increased payments to individuals without reducing spending elsewhere in the budget.

Persistent link: https://www.econbiz.de/10009221521

How good are the government’s deficit and debt projections and should we care?

Kliesen, Kevin L.; Thornton, Daniel L. - In: Review (2012) Jan, pp. 21-39

Each year, the Congressional Budget Office (CBO) publishes its Budget and Economic Outlook. The CBO’s deficit projections for the current fiscal year (FY) and the next 10 FYs are widely followed because they provide an assessment of the medium-term budget outlook based on current law and a...

Persistent link: https://www.econbiz.de/10009416054

The federal debt: too little revenue or too much spending

Thornton, Daniel L.; Kliesen, Kevin L. - In: Economic Synopses (2011)

The rise in the national debt... is entirely a consequence of the federal government’s increase of expenditures without an offsetting increase in revenues.

Persistent link: https://www.econbiz.de/10009146850

The expected federal budget surplus: how much confidence should the public and policymakers place in the projections?

Kliesen, Kevin L.; Thornton, Daniel L. - In: Review (2001) Mar, pp. 11-24

When the government runs a deficit, it can borrow from the public—that is, it can create debt. Conversely, when the … the public debt, by comparing previous budget projections with actual outcomes. The authors show that the long-term budget … projected. Accordingly, the authors suggest that prospects for eliminating the public debt may be overstated. …

Persistent link: https://www.econbiz.de/10005726131