IDEAS home Printed from https://ideas.repec.org/p/cbo/report/57867.html
   My bibliography  Save this paper

The Economic Effects of Waiting to Stabilize Federal Debt

Author

Listed:
  • 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.

Suggested Citation

  • Congressional Budget Office, 2022. "The Economic Effects of Waiting to Stabilize Federal Debt," Reports 57867, Congressional Budget Office.
    • Handle: RePEc:cbo:report:57867
    as

    Download full text from publisher

    File URL: https://www.cbo.gov/system/files/2022-04/57867-Debt.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbo:report:57867. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/cbogvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.