scholarly journals Bad Medicine? Federal Debt and Deficits after COVID-19

2020 ◽  
Vol 2020 (32) ◽  
Author(s):  
Kevin L. Kliesen
Keyword(s):  
Federal Debt

THE FEDERAL DEBT AND INFLATION

1947 ◽  
Vol 32 (9) ◽  
pp. 270-276
Author(s):  
ROBERT F. WALLACE
Keyword(s):  
Federal Debt

Introduction

2017 ◽  
Author(s):  
David R. Mayhew
Keyword(s):  
United States ◽  
The United States ◽  
Regulatory State ◽  
World Power ◽  
Federal Debt ◽  
American Society

This introductory chapter talks about Congress's imprint on American society and life as driven by the aches, anxieties and headlines of the day. But instead of dwelling on aspirations, processes, and optics, it looks at the effects or results of congressional activities. Going as far back as 1789, the chapter examines Congress's distinctive imprint on American society from those of the presidency, cradling the analysis in the experience of peer countries. These congressionl imprints include the launching of the country in the 1790s, the coming of the regulatory state, the rise of the United States to world power, the onsetof economic neoliberalism, and the management of federal debt and deficits.

scholarly journals Municipal and sub-federal debt market in 2020

2021 ◽  
Author(s):  
IEP Submitter ◽  
Artem Shadrin
Keyword(s):  
Debt Market ◽  
Federal Debt

scholarly journals The USA Federal Debt-to-GDP Ratio and The Unified Budget Act’s Lack of Generally Accepted Accounting Principles

2021 ◽  
Vol 5 (2) ◽  
pp. 49-57
Author(s):  
Paul F. Gentle
Keyword(s):  
United States ◽  
The United States ◽  
Public And Private ◽  
True Nature ◽  
Generally Accepted Accounting Principles ◽  
Accounting Principles ◽  
Trust Funds ◽  
The Usa ◽  
Federal Debt ◽  
Blue Line

Here in the beginning of 2021, two of the truly relevant federal public finance issues are presented in this article. One is the Debt-to GDP Ratio. The second topic is the true nature of deficits, surpluses and future liabilities treated in budgets constructed via the Unified Budget Act. Two graphs on these issues are included. This article shows that the present Debt-to-GDP ratio is relatively high, as if the nation similar to when the United States was in a period of a major war. This graph is shown in this article’s Figure 1. There has been evidence in the macroeconomic literature that indicates a high Debt-to-GDP ratio can possibly result in some degree of slowed economic growth. Though the literature is varied on that point. The reason for the possible crowding out effect has to do with the competition for loanable funds. There is competition from both the public and private demanders of those loanable funds. Furthermore, there is the reality that all federal trust fund balances of the United States must be used to hold U.S. Treasury bonds. For figure 2, two categories on U.S trust funds are shown. One category is the combined total of Social Security. Medicare, Disability and related funds. This is shown in a red line. All the other federal trust funds are indicated in a blue line. There is a graph that shows these two lines. The graph is of the percentage share between the two categories. As a result, the red and blue lines are inverse functions of each other. Over the eighty-year period (1940-2020), there has been variation if both the red and blue lines. The goal of this articles is for leaders and government analysts to be more aware of the issues of the USA Federal Debt to GDP Ratio and the Unified Budget Act’s lack of Generally Accepted Accounting Principles.

Fiscal Therapy

2019 ◽  
Author(s):  
William G. Gale
Keyword(s):  
Social Insurance ◽  
Physical Capital ◽  
Social Needs ◽  
Public Investments ◽  
Vital Functions ◽  
New Public ◽  
The Future ◽  
Core Elements ◽  
Federal Debt ◽  
The Government

America faces two distinct but related economic challenges. Steadily rising federal debt—largely fueled by rising healthcare costs and an aging population that will boost spending on Social Security, Medicare, and Medicaid—will make it harder to grow the nation’s economy, boost living standards, respond to wars or recessions, address social needs, and maintain the US role as a global leader. At the same time, an increasingly fractured society has left many people behind and let critical investments lag, even as overall prosperity has grown. How and when US citizens address these challenges will help determine the future they build for themselves and their children. This book proposes a remedy with three core elements: controlling entitlement spending in ways that preserve and enhance the programs’ anti-poverty and social insurance roles; betting on the future by stipulating major new public investments in human and physical capital; and raising and reforming taxes to pay for government services fairly and efficiently. Together, these changes would control federal borrowing, strengthen the economy, increase opportunity, reduce inequality, and build better lives for current and future generations. There is no need to kill popular programs or starve government. Indeed, a primary goal of fiscal reform is to maintain and enhance the vital functions that government provides. The country needs to act responsibly, pay for the government it wants, and shape that government in ways that serve it best.

Tackling the federal debt problem fairly

2020 ◽  
Vol 51 (3-4) ◽  
pp. 332-358
Author(s):  
William G. Gale
Keyword(s):  
Debt Problem ◽  
Federal Debt
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