Congressional Research Service: 'Deficits, Debt & Economy - Introduction'
January 02, 2023
January 02, 2023
WASHINGTON, Jan. 2 (TNSrep) -- The Congressional Research Service issued the following report (No. R44383) on Dec. 20, 2022, entitled "Deficits, Debt, and the Economy: An Introduction" by public finance specialist Grant A. Driessen.
Here are excerpts:
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SUMMARY
The federal government incurs a budget deficit when its total outgoing payments (outlays) exceed the total money it collects (revenues). If instead federal revenues are gre . . .
Here are excerpts:
* * *
SUMMARY
The federal government incurs a budget deficit when its total outgoing payments (outlays) exceed the total money it collects (revenues). If instead federal revenues are gre . . .