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Book Synopsis
The past few years have seen a sharp rise in the debt of the federal government. The surge in debt stems partially from lower tax revenues and higher federal spending related to the recent severe recession and turmoil in financial markets. However, the growing debt also reflects an imbalance between spending and revenues that predated those economic developments. This book examines federal debt issues and interest costs, as well as a history of the debt limit.

Federal Debt, Interest Costs & the Debt Limit

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    A Paperback / softback by Anthony V Martinez, Karen M Schulz

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      Publisher: Nova Science Publishers Inc
      Publication Date: Publication Date: 26/09/2011
      ISBN13: 9781613242889, 978-1613242889
      ISBN10: 1613242883
      Also in:
      Economics

      Description

      Book Synopsis
      The past few years have seen a sharp rise in the debt of the federal government. The surge in debt stems partially from lower tax revenues and higher federal spending related to the recent severe recession and turmoil in financial markets. However, the growing debt also reflects an imbalance between spending and revenues that predated those economic developments. This book examines federal debt issues and interest costs, as well as a history of the debt limit.

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