Economic Effects of Reducing the Fiscal Restraint That Is Sc

[admin]

Economic Effects of Reducing the Fiscal Restraint That Is Scheduled to Occur in 2013
from CBO's Latest 10 Documents
Policymakers are facing difficult trade-offs in formulating the nation’s fiscal policies. On the one hand, if the fiscal policies currently in place are continued in coming years, the revenues collected by the federal government will fall far short of federal spending, putting the budget on an unsustainable path. On the other hand, immediate spending cuts or tax increases would represent an added drag on the weak economic expansion.

http://www.cbo.gov/publication/43262