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Deficit: What Caused It, Why It Matters

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Publication Date: July 2008

Publisher(s): Tax Policy Center

Author(s): Alan J. Auerbach; William G. Gale

Special Collection: John D. and Catherine T. MacArthur Foundation

Topic: Economics (Economic theory)

Keywords: Federal Budgets & Fiscal Policy; Tax Distribution and Economic Trends; Budget Issues; Fiscal future

Type: Report

Abstract: 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.