{
  "id": "IB84005",
  "type": "CRS Report",
  "typeId": "REPORT",
  "number": "IB84005",
  "active": false,
  "source": "University of North Texas Libraries Government Documents Department",
  "versions": [
    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metacrs9054/",
      "id": "IB84005 1985-07-15",
      "date": "1985-07-15",
      "retrieved": "2006-08-10T14:54:13",
      "title": "Budget Deficits: Causes, Effects and Some Remedial Options",
      "summary": "In 1981 Congress enacted extensive changes in taxing and spending policies that supporters of these changes expected to generate sufficient revenues, despite a series of tax rate cuts, to balance the budget by FY84. After the onset of recession in early 1982, however, the Reagan Administration's projections showed widening budget deficits, which culminated in an actual FY83 deficit of $195.4 billion. Despite enactment of the Tax Equity and Fiscal Responsibility Act of 1982, and, more recently, the Deficit Reduction Act of 1984, large deficits are expected to persist, even under continued favorable economic conditions, unless Federal taxing and spending policies are altered dramatically.",
      "type": "CRS Report",
      "typeId": "REPORT",
      "active": false,
      "formats": [
        {
          "format": "PDF",
          "filename": "files/19850715_IB84005_a3b9b9a166147bbacc38dcfaddcda2a2810be755.pdf"
        },
        {
          "format": "HTML",
          "filename": "files/19850715_IB84005_a3b9b9a166147bbacc38dcfaddcda2a2810be755.html"
        }
      ],
      "topics": [
        {
          "source": "LIV",
          "id": "Budgets",
          "name": "Budgets"
        },
        {
          "source": "LIV",
          "id": "Business cycles",
          "name": "Business cycles"
        },
        {
          "source": "LIV",
          "id": "Deficit reduction",
          "name": "Deficit reduction"
        },
        {
          "source": "LIV",
          "id": "Budget deficits",
          "name": "Budget deficits"
        },
        {
          "source": "LIV",
          "id": "Economic Policy",
          "name": "Economic Policy"
        }
      ]
    }
  ],
  "topics": []
}