Monday, August 1, 2011

National Debt
CQ Researcher
  • Clemmitt, Marcia. "National Debt: Are higher taxes needed to reduce the debt?" CQ Researcher 18 Mar. 2011.Washington is wracked this year by intense budget politics. Spurred by the conservative Tea Party movement, Republican lawmakers point to the federal government's $14 trillion debt as an emergency that demands big cuts in domestic programs, including Social Security, plus tax cuts they say will spur economic growth. But Democrats say government spending is needed to sustain the economy while the private sector struggles back to health. They call for government investment in infrastructure and education, plus tax increases to strengthen programs such as Social Security for future generations. A decade ago the nonpartisan Congressional Budget Office predicted that the federal government would run a $796 billion surplus in 2010, but that rosy future never materialized. Over the past 10 years, a severe recession, tax cuts and spending on two wars put the federal government, and also the states, deeply in the red. From the CQ Researcher. Reprinted with permission from CQ Press.
  • Clemmitt, Marcia. "The National Debt: Has it gotten too big?" CQ Researcher 14 Nov. 2008.
    With the national debt now more than $10 trillion — twice what it was eight years ago — the country faces a dire financial future, some analysts argue. Over the past eight years, the Bush administration has run larger and larger annual deficits, adding to the national debt and restricting the government's ability to respond to a new crisis. Now, with the U.S. and global financial meltdown ushering in a potentially catastrophic economic slowdown, the next president — newly elected Sen. Barack Obama — will be under pressure to use government fiscal policy, such as tax cuts and government spending, to bolster the economy, even though those actions will raise the debt further. Besides wrestling with that dilemma, the new president also must face the question of how to pay for spiraling Social Security, Medicare and Medicaid benefits for the nation's 77 million baby boomers.
    From the CQ Researcher. Reprinted with permission from CQ Press.

SU ( debt* or budget deficit* ) and ( federal or national or public ) and GE united states

SU(National debt or budget deficits) AND SU(federal budget) AND GEO(united states)


Gale Virtual Reference Library: Entries related to national debt or budget deficits from several scholarly encyclopedias covering law, social sciences and history.


Figgie, Harry E. & Gerald J. Swanson. America the Broke : How the Reckless Spending of the White House and Congress Are Bankrupting Our Country and Destroying Our Children's Future. Doubleday Publishing, 2004.

Rivlin, Alice M. & Joseph R. Antos. Restoring Fiscal Sanity 2007 : The Health Spending Challenge. Brookings Institution Press, 2007.

Rivlin, Alice M. & Isabel V. Sawhill. Restoring Fiscal Sanity 2005 : Meeting the Long-Run Challenge. Brookings Institution Press, 2005.

Rivlin, Alice M. & Isabel V. Sawhill. Restoring Fiscal Sanity: How to Balance the Budget. Brookings Institution Press, 2004. 

Schick, Allen. Federal Budget : Politics, Policy, Process (3rd Edition). Brookings Institution Press, 2007.  

Shaviro, Daniel N. Do Deficits Matter? Univ. of Chicago, 1997.

Yarrow, Andrew L. Forgive Us Our Debts : The Intergenerational Dangers of Fiscal Irresponsibility. Yale UP, 2008.

Search Ebrary directly for more titles on national debt or budget deficits.


Wright, Robert E. One Nation Under Debt : Hamilton, Jefferson, and the History of What We Owe. McGraw-Hill, 2008.

Search the CBC Library Catalog directly for more titles on national debt or budget deficits.


United States. House of Representatives. Committee on Rules. Budget Control Act (Amended version reflecting announcement of July 31, 2011).

United States. Congressional Budget Office. "CBO Analysis of August 1 Budget Control Act." Summary. 1 Aug. 2011. Links to entire document and blog post.

updated - 5/29/2013 cs

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