The Inevitability of a U.S. Government Default

Thumbnail Image
Files
Henderson_the_Inevitability_2014.pdf (163.08 KB)
Authors
Henderson, David R.
Hummel, Jeffrey Rogers
Subjects
Advisors
Date of Issue
2014
Date
Publisher
Language
Abstract
There is a ticking time bomb in the U.S. government’s fiscal structure: growing government spending, which, if unchanged by policy, will result in growing government debt. This is not the short-run problem that we hear so much about in the news when Congress gets to vote on increasing the ceiling for the U.S. federal debt. It is the long-run problem that economists such as Laurence Kotlikoff (Kotlikoff and Burns 2004; Kotlikoff 2011; Jagadeesh Gokhale and Kent Smetters 2006), among others, have been writing about for years.
Type
Article
Description
URI
https://hdl.handle.net/10945/40468
Series/Report No
Department
Business & Public Policy (GSBPP)
Organization
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
The Independent Review, v. 18, n. 4, Spring 2014, ISSN 1086–1653, Copyright © 2014, pp. 527–541.
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
Collections
Publications