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The Likely Effect of the Federal Budget Deficit

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Publication Date: July 2010

Publisher(s): National Center for Policy Analysis (U.S.)

Author(s): Willaim B. Conerly

Topic: Government (Central or federal government)

Keywords: federal ; budget; deficit

Coverage: United States

Abstract:

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.

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