Examines alternative approaches to reducing the deficit, relating to immediate issues arising from the Budget Control Act and expiring tax cuts as well as to ongoing longer-term decisions about how to bring the debt under control. Discusses trade-offs between limiting the provision of defense and domestic public goods, reducing transfers to persons including entitlements for the elderly and those with low income, reducing support for State and local governments, and raising taxes. Addresses how limiting reliance on one source of deficit reduction creates pressure on other sources, using projections of the debt and deficit. Includes tables.
Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Jan. 2013). Reuse except for individual research requires license from ProQuest, LLC. CRS Report.
Microfiche version: Library of Congress. Government Division. Addressing the Long-Run Budget Deficit