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Federal Reserve Bank of St. Louis
Economic Synopses
The federal debt: what’s the source of the increase in spending?
Kevin L. Kliesen
Daniel L. Thornton
Abstract

The government increased payments to individuals without reducing spending elsewhere in the budget.


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Kevin L. Kliesen & Daniel L. Thornton, "The federal debt: what’s the source of the increase in spending?" , Federal Reserve Bank of St. Louis, Economic Synopses, number 21, 2011.
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Keywords: Budget deficits ; Debts; Public ; Economic conditions - United States
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Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

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