Home
Solutions
Products
Pricing
Resources
Request Demo
Start Free
Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo
StateStorm

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

  • 1865 new people
  • 34 new organizations
  • 622 new photos
  • 1247 job history records for people in our database
  • 518 education records for people in our database
  • 2209 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
  • 198 new policy reports
  • 12 new trips to our privately funded travel database
  • 921 new personal financial disclosures
  • 27459 new press releases
  • 30 new town halls

Caught Our Eye Rss

» More from Caught Our Eye
» More from our DevBlog

Budget Policy: Long-Term Implications of the Deficit

  Premium   Download PDF Now (14 pages)
Report Type Reports and Testimonies
Report Date June 5, 1992
Report No. T-OCG-92-4
Subject
Summary:

GAO discussed deficit reduction and better budgetary decisions for the nations long-term economic health. GAO noted that: (1) deficits erode the savings needed for private investment and future economic growth; (2) the share of national savings absorbed by the deficit grew from 2 percent in 1960 to 58 percent in 1990; (3) an influx of foreign capital sustained investment, but this reliance has its price because future profits and interest payments will flow abroad; (4) increasing national savings by reducing the deficit will promote greater investment and long-term economic growth; (5) using deficits to finance a high level of spending on investment programs could mitigate the dampening effects of deficits on economic growth; and (6) pressures created by deficits have caused a reduction in the share of the budget spent on infrastructure, research and human capital programs vital to long-term economic growth.

« Return to search Government Accountability Office reports

HomeAbout Us Contact UsPrivacy PolicyTerms of UseJoin Us
© LegiStorm
LegiStorm
2101 L St. NW, Suite 300
Washington, DC 20037
(202) 360-4172 / congress@legistorm.com