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2010•University of North Texas Digital Library (University of North Texas)Open access

The Federal Debt: An Analysis of Movements from World War II to the Present

Mindy R. Levit

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Abstract

This report will define the measures of debt, discuss the reasons why debt levels change, and use historical examples to illustrate the factors causing debt movements over the last seven decades. Recent policies that have affected the budgetary outlook and the debt will also be discussed. Finally, this report will examine the long-term U.S. debt outlook and implications of rising federal debt levels.

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This report will define the measures of debt, discuss the reasons why debt levels change, and use historical examples to illustrate the factors causing debt movements over the last seven decades. Recent policies that have affected the budgetary outlook and the debt will also be discussed. Finally, this report will examine the long-term U.S. debt outlook and implications of rising federal debt levels.

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Available abstract

This report will define the measures of debt, discuss the reasons why debt levels change, and use historical examples to illustrate the factors causing debt movements over the last seven decades. Recent policies that have affected the budgetary outlook and the debt will also be discussed. Finally, this report will examine the long-term U.S. debt outlook and implications of rising federal debt levels.

Key concepts: Debt, Debt-to-GDP ratio, Debt levels and flows, Internal debt, External debt, Recourse debt, Economics, Macroeconomics

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