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RL33657Economic Policy

Running Deficits: Positives and Pitfalls

Federal & State Law Editorial TeamLast reviewed: September 2006
September 20, 2006

Summary

This report discusses how deficit finance can help governments manage their economies and how large and persistent deficits can lead to severe economic problems.

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Note: CRS reports are prepared for Members of Congress and their staffs. This summary is provided for informational purposes and does not constitute legal advice.

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.