Library of Congress. Congressional Research Service.
Abstract
Projections of deficits in excess of $200 billion a year through 1990 and beyond have raised considerable concern about the economic damage they will
cause. Yet, many find it hard to describe exactly what harm deficits will bring, or how much harm will come about. This report provides a brief qualitative description of what economic analysis suggests that large deficits will do to the economy, and what the likely consequences of their reduction will be
