US Government Debt Different - Finance Department - University of ...

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James R. Hines Jrtries from 1999 to 2007 (revised version), World Bank Policy ResearchWorking Paper No. 5356, July 2010.127Slemrod, Joel, Cheating ourselves: The economics of tax evasion,Journal of Economic Perspectives, 21 (1), Winter 2007, 25-48.
128 The Tax Revenue Capacity of the U.S. Economy
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ii
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ivPublished by FIC Press2405 Ste
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viContents8 Thoughts on Debt Sustai
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viiiContents
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The Contributors Anna GelpernAme
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The Contributors Howell E. Jacks
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The Contributors School, as well
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The Contributors Zoltan PozsarIn
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The Contributors Richard SyllaNe
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xxiAcknowledgmentsWe would like
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xxiiiPREFACEThe Law School and t
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PREFACE academic circles. A sove
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Richard Sylla 11U.S. Government Deb
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Richard Syllasigned from office in
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Richard Syllalike the United States
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Richard SyllaAfter 1815, a generall
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Richard Syllapurchase to back their
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Richard Syllational debt and reduce
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William W. Bratton 132A World Witho
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William W. Brattonwould go from a c
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William W. Brattonthe system, than
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ConclusionWilliam W. Bratton19At th
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Richard J. Herring 213Default and t
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Richard J. Herringpay is seldom in
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Richard J. HerringFigure 2: Archety
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Richard J. Herring27Figure 4: The R
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Richard J. Herring29Figure 6: Deman
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Richard J. HerringGovernment bonds
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Richard J. HerringDuring August 201
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Zoltan Pozsar 354A Macro View of Sh
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Zoltan Pozsartions, forming an inte
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Zoltan Pozsarfunding for safe, shor
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Zoltan Pozsarfor the reduction in t
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Zoltan PozsarWhile increased rollov
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Michael W. McConnell 455Origins of
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Michael W. McConnellAlthough the Co
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Michael W. McConnellvene? Who would
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Michael W. McConnell(Social Securit
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ConclusionMichael W. McConnell53Whe
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Howell E. Jackson 556The 2011 Debt
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Howell E. Jacksonloss in liquidity.
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Howell E. Jacksonand provides resou
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Howell E. JacksonWhile assertions o
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Howell E. Jacksonof those payments.
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Howell E. Jacksonwhich payments to
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Concluding ThoughtsHowell E. Jackso
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Richard Squire 697A Market for End-
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Richard SquireSo far, there is litt
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Richard Squirethat the reference en
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Richard SquireIn fact, the gross no
Page 104 and 105: Richard Squireto only 22.6%. Thus i
Page 106 and 107: Richard Squirewill default. An econ
Page 108 and 109: Richard Squireannounced that in liq
Page 110 and 111: Richard SquireCDS on USA and Correl
Page 112 and 113: Richard Squiremean, however, that t
Page 114 and 115: Peter R. Fisher 878Thoughts on Debt
Page 116 and 117: Peter R. Fishernot really an insura
Page 118 and 119: Peter R. FisherU.K. prospered great
Page 120 and 121: Peter R. FisherSources of income be
Page 122 and 123: Peter R. Fisherlead to greater comp
Page 124 and 125: Peter R. FisherCentral bank mytholo
Page 126 and 127: Peter R. Fisherboth sides of their
Page 128 and 129: Deborah Lucas 1019The Federal Debt:
Page 130 and 131: Deborah LucasProjected Size of Defi
Page 132 and 133: Deborah Lucasrevenues. In fact, man
Page 134 and 135: Deborah Lucasly from the global des
Page 136 and 137: Deborah Lucas109Figure 2: Primary S
Page 138 and 139: Deborah Lucas111Figure 4: Medicare
Page 140 and 141: James R. Hines Jr 11310The Tax Reve
Page 142 and 143: James R. Hines Jrrevenue rely on ex
Page 144 and 145: James R. Hines JrStates is the lone
Page 146 and 147: James R. Hines Jr119Table 3: Social
Page 148 and 149: James R. Hines Jrtapped federal tax
Page 150 and 151: James R. Hines Jrer economic costs
Page 152 and 153: James R. Hines Jrtries, and consequ
Page 156 and 157: James Kwak 12911Can the United Stat
Page 158 and 159: James Kwakone hundred years. 6 At t
Page 160 and 161: James Kwakthe Royal Navy had over o
Page 162 and 163: James Kwak135Figure 1: National Deb
Page 164 and 165: James Kwaka real growth rate of 2.2
Page 166 and 167: James Kwakkeep the national debt at
Page 168 and 169: James KwakRepublicans have seized o
Page 170 and 171: James Kwakreduction package. 45 Fur
Page 172 and 173: James KwakThe bottom line is that f
Page 174 and 175: James Kwakprovisions, including hea
Page 176 and 177: James KwakDespite these political c
Page 178 and 179: Jim Millstein 15112Burning the Furn
Page 180 and 181: Jim Millsteinits spending and tax c
Page 182 and 183: Jim MillsteinWhile safe-haven flows
Page 184 and 185: Jim Millsteinon reserve balances wi
Page 186 and 187: Jim Millsteinfull list of options i
Page 188 and 189: Jim Millsteinfundamental disagreeme
Page 190 and 191: Jim MillsteinHowever, other things
Page 192 and 193: Jim Millsteinwould likely command a
Page 194 and 195: Jim MillsteinThere will inevitably
Page 196 and 197: Charles W. Mooney, Jr 16913United S
Page 198 and 199: Charles W. Mooney, JrSecond, would
Page 200 and 201: Charles W. Mooney, Jrticipants, did
Page 202 and 203: Charles W. Mooney, JrThe extent and
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Charles W. Mooney, Jr“Treasury Di
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Charles W. Mooney, Jrin subpart B i
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Charles W. Mooney, Jrcount holders
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Charles W. Mooney, Jrdefault. If an
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Charles W. Mooney, Jrcould be achie
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Charles W. Mooney, Jrconsider adopt
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Charles W. Mooney, Jror gold coin.
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Charles W. Mooney, Jrpre-1933 legis
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Charles W. Mooney, Jrbegin by notin
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Charles W. Mooney, Jrformity requir
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Charles W. Mooney, Jrnation based o
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Charles W. Mooney, Jrthe Treasury d
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Charles W. Mooney, JrUnder any cohe
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Charles W. Mooney, Jrcontext of ban
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Charles W. Mooney, Jrcans in Congre
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Charles W. Mooney, JrThe government
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Charles W. Mooney, JrIf Wade’s sp
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Charles W. Mooney, Jring in Perry,
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Charles W. Mooney, JrThere would be
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Charles W. Mooney, JrBut that concl
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Charles W. Mooney, JrCourt of Feder
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Charles W. Mooney, Jrtem. 135 This
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Charles W. Mooney, Jr. b. The Race
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Charles W. Mooney, JrBut, of course
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Charles W. Mooney, Jrhave adopted r
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Charles W. Mooney, Jrtions Conventi
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Charles W. Mooney, Jrthe other hand
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Charles W. Mooney, JrIf the U.S. co
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Charles W. Mooney, Jrpursue massive
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Charles W. Mooney, Jrof multination
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Donald S. Bernstein 23714A Comment
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Donald S. Bernsteinis what most ban
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Donald S. BernsteinAmendment, simpl
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Donald S. Bernsteinfallout of alloc
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Steven L. Schwarcz 24515Direct and
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Steven L. Schwarczin Perry held tha
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Steven L. Schwarczwould apply to fe
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Steven L. Schwarczunder Section 13(
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Steven L. SchwarczD. Assessing the
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255AppendixThe 2011 Debt Limit Impa
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Jeremy Kreisberg & Kelley O’Mara
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