The Economic Effects of Waiting to Stabilize Federal Debt

Congressional Budget Office

No 57867, Reports from Congressional Budget Office

Abstract: CBO analyzed the economic effects of waiting to stabilize federal debt using two simplified policy options—one that would raise federal income tax rates and one that would cut spending for certain government benefit programs. The longer policy action was delayed, the larger the policy changes needed to stabilize the debt would be. The timing and type of policy would determine its effects on the economic well-being of people of different generations and in different income groups.

JEL-codes: H20 H60 H63 (search for similar items in EconPapers)
Date: 2022-04-28
New Economics Papers: this item is included in nep-pub
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cbo.gov/system/files/2022-04/57867-Debt.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbo:report:57867

Access Statistics for this paper

More papers in Reports from Congressional Budget Office Contact information at EDIRC.
Bibliographic data for series maintained by ().