Cato Institute
1000 Massachusetts Ave, NW
Washington, DC 20001-5403
Phone (202) 842 0200
Fax (202) 842 3490
 Contact Us
Support Cato

May 26, 1983
Policy Analysis no. 24

Deficits and the Economy

by Joe Stilwell

Joe Stilwell, a graduate of the Wharton School of Business, is an associate policy analyst of the Cato Institute.

Joe Stilwell, a graduate of the Wharton School of Business, is an associate policy analyst of the Cato Institute.

Published on May 26, 1983

PRINT PAGE
CITE THIS
  Sans Serif
  Serif

Share with your friends:

We must get control of the budget monster, get control of our economy and, I assure you, get control of our lives and destinies."

-- Ronald Reagan: March 30, 1981

Two years after speaking those words, President Reagan remains further from controlling the budget deficit than any President has ever been. The reasons for this are numerous and debatable. The direct result, however, is clear -- a $110 billion deficit for Fiscal Year 1982, the largest deficit ever. Unfortunately, the record will not stand for long. By any estimate, the deficits will be well above the $110 billion level through FY '88; if Congress does not approve Reagan's budget requests, the deficits will easily be more than double the FY '82 record. The budget monster, apparently, will remain uncontrolled for a long time.

View this Policy Analysis in HTML

Share with your friends:  

© 2009 The Cato Institute
Please send comments to webmaster