The Likely Effect of the Federal Budget Deficit
Publication Date: July 2010
Publisher(s): National Center for Policy Analysis (U.S.)
Author(s): Willaim B. Conerly
Keywords: federal ; budget; deficit
Coverage: United States
Many people are worried about the United States' federal budget deficit and accumulating debt burden. In 2009 the federal budget deficit reached a record $1.4 trillion, and public debt (U.S. Treasury securities held by institutions and individuals outside the federal government) is currently more than $8 trillion and growing.