Deficit: What Caused It, Why It Matters
Publication Date: July 2008
Publisher(s): Tax Policy Center
Special Collection: John D. and Catherine T. MacArthur Foundation
Keywords: Federal Budgets & Fiscal Policy; Tax Distribution and Economic Trends; Budget Issues; Fiscal future
CNNMoney.com op-ed, July 30, 2009. William Gale and Alan Auerbach explain that the government is spending more than it's bringing in, resulting in a deficit. They explain why that gap must be brought under control.