Explain why interest payments by the federal government would still be a large share of federal expenditures

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Explain why interest payments by the federal government would still be a large share of federal expenditures even if the federal government does not run a deficit again for several years.

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Public Finance A Contemporary Application of Theory to Policy

ISBN: 978-1285173955

11th edition

Authors: David N Hyman

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Question Posted: Aug 22, 2015 03:17 AM

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Explain why interest payments by the federal government would still be a large share of federal expenditures

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The debt accumulated by past budgets amounts to many times more ...View the full answer

Public Finance A Contemporary Application of Theory to Policy

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