Learning from the Reagan deficits

Article Abstract:

The government's expenditures exceeded its revenues by $1,413 billion during the presidency of Ronald Reagan in the 1980s. The observations of the macroeconomic effects of Reagan's policies include that larger deficits resulted in reduced private savings, higher real interest rates, lower levels of private investment and reduced net foreign investment. Reductions in personal income tax rates lowered the tax revenues of the government, but lower tax revenues did not significantly decrease government spending.

Economic aspects, Economic policy, Reagan, Ronald

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Deficits: which, how much, and so what?

Article Abstract:

Deficits are important, and they can be too large or too small. The current US federal deficit can range from $124 billion to $321 billion, depending on how it is measured. One measurement technique even produces a surplus of $71 billion. The real long-run deficits include poor infrastructure, the failure to control drug trafficking and the poor educational system. These deficits are large and pose great threats to the future of the economy.

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A New View of the Federal Debt and Budget Deficits

Article Abstract:

The importance of taking inflation into consideration when measuring government debt is stressed. Real value measures are developed and applied to the budget surplus and surplus and deficit. The high employment budget is shown actually to be in surplus, and to be a contractionary force on the economy.

Budget, Budgeting, Budgets

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