Table of contents
Publication type
Major consequence of the current financial and economic crisis in the U.S.A is the formation of a colossal Federal Government debt as the price paid for floating on economic surface. Federal Government's debt pyramid threatens with a sudden fiscal crisis which may occur if the U.S. debt surpasses it's GDP. Now the USA is rapidly approaching this threshold.
gross federal debt, budget deficit, sudden fiscal crisis, double-dip recession, growth of political instability
Date of publication
Number of purchasers
Readers community rating
0.0 (0 votes)
Cite Download pdf 100 RUB / 1.0 SU

To download PDF you should sign in

Full text is available to subscribers only
Subscribe right now
Only article and additional services
Whole issue and additional services
All issues and additional services for 2011


Additional sources and materials

1. BEA. Gross Domestic Product: Second Quarter 2010 (Second Estimate). 27.08.2010. BEA 10-41. 15 p. (<>).
2. Berge T. and Jordà Ò. Evaluating the Classification of Economic Activity into Recessions and Expansions. June 2010. UC Davis Working Paper. 49 p. (<>).
3. Berge T. and Jordà Ò. Future Recession Risks // FRBSF Economic Letter 2010-24. 9.08.2010. 4 p.
4. Boehner Calls for Obama Economic Team Ouster. 8.24.2010 (<>).
5. Fiscal Accomplishments and Budget Update. A Discussion with Peter Orzag, Director of the Office of Management and Budget. The Brookings Institution. 28.07.2010. 37 p. (<>).
6. Brown E. The Web of the Debt. Shocking Truth about Our Money System and How We Can Break Free. Baton Rouge: Third Millennium Press, 2008. xiv + 530 p.
7. The Budgetary Impact and Subsidy Costs of the Federal Reserve's Actions during the Financial Crisis. A CBO Study. May 2010. Washington, 2010. vi + 35 p.
8. Long-Term Budget Outlook. CBO. June 2010. (Revised August 2010). Washington, 2010. xi + 76 p.
9. Economic and Budget Brief. Federal Debt and the Risk of a Fiscal Crisis. CBO. 27.07.2010. 8 p. (<>).
10. The Budget and Economic Outlook: An Update. CBO. August 2010. Wash., 2010. xv + 94 p.
11. Greece's Debt Crisis: Overview, Policy Responses, and Implications. CRS. 14.05.2010. R41167. iii + 24 p. (<>).
12. Major Foreign Holders of Treasury Securities. Department of the Treasury. June 2010 (
13. A 'Double-dip' Recession Defined // The Huffington Post. 1.07.2010.
14. FRS Press Release. March 11, 2010 (
15. Flow of Funds Accounts of the United States. Flows and Outstanding. FRS Statistical Release. First Quarter 2010. June 10, 2010. z1. vi + 118 p.
16. Federal Debt, Terrorism Considered Top Threats to U.S. Gallup Poll. 4.06.2010 (<>).
17. GDP and Other Major NIPA Series, 1929-2010:II // Survey of Current Business. August 2010. P. 173-197.
18. Harrison E. What Does a Double Dip Recession Look Like? // Credit Writedowns. 2.08.2010.
19. Budget of the U.S. Government. Fiscal Year 2011. Historical Tables. Washington, 2010. ii + 362 p.
20. Hester W. Subpar Recovery Gets Premium Market Valuation. August 2010. Hussman Funds (
21. Tax Day - and No Congressional Budget. House Committee on the Budget. Republican Caucus. 15.04.2010. 4 p. (
22. IMF. United States: Selected Issue Paper. July 2010. IMF Country Report No. 10/248. 67 p. (<>).
23. Jordà Ò. Diagnosing Recessions // FRBSF Economic Letter 2010-05. February 16, 2010. 4 p.
24. Kirk V. Romer to Leave White House // Hotline on Call. 5.08.2010 (
25. Kotlikoff L. The U.S. Is Bankrupt and We Don't Even Know It // Bloomberg. 2010-08-10 (<>).
26. Sovereign Debt Crises: It's All Greek to Me // Liber 8. Economic Information Newsletter. Federal Reserve Bank of St.Louis. August 2010. 2 p. (
27. NBER Committee Conference: No Trough Announced. 12.04.2010 (<http://www.nber.>org).
28. NBER's Business Cycle Dating Committee. September 20, 2010. P. 1 (
29. The NBER's Business Cycle Dating Procedure: Frequently Asked Questions. (<>).
30. Paulson H. On the Brink: Inside the Race to Stop the Collapse of the Global Financial System. N.Y.: Business Plus, 2010. xiv + 478 p.
31. Peter R. Orszag, Director. Life is a Series of Hellos and Goodbyes. 25.06.2010. (<>).
32. How the Great Recession Has Changed Life in America. A Balance Sheet at 30 Months. Pew Research Center. 30.06.2010. iii + 114 p. (<>).
33. Chance of Double-dip Recession Is High: Shiller // Reuters. 27.07.2010
34. Rampell K. Most Americans Don't Think Recession is Over // The New York Times. September 27, 2010.
35. Romer Ch. Not My Father's Recession: The Extraordinary Challenges and Policy Responses of the First Twenty Months of the Obama Administration // National Press Club. 1.09.2010. 15 p. (<>).
36. Seskin E. and Smith S. Annual Revisions of the National Income and Product Accounts. Annual Estimates for 2007-2009. Quarterly Estimates for 2007:I - 2010:I // Survey of Current Business. August 2010. P. 6-27.
37. Summers L. Reflections on Fiscal Policy and Economic Strategy. Remarks at the Johns Hopkins School of Advanced International Studies. 24.05.2010. (<>).
38. Testimony of Mark Zandi, Chief Economist, Moody's Analytics before the House Budget Committee. Perspectives on the Economy. 1.07.2010. 20 p. (<>).
39. Testimony Prepared for the Hearing. Perspectives on the Economy. United States House of Representatives. Committee on the Budget. 1.07.2010. By Martin Neil Baily. 14 p. (<>).
40. Problems and Priorities // USA Today/Gallup Poll. 24-25.05.2010.
41. Weisman J. White House Seeks Continuity to Help Tackle Budget, Tax and Deficit Issues after Midterm Elections // The Wall Street Journal. 30.04.2010.
42. Dr. Christina Romer, Chair of the Council of Economic Advisers. To Return to the University of California, Berkeley. The White House. 5.08.2010. (
43. Remarks by the President at CNBC Town Hall Discussion on Jobs. The White House. Washington, DC. September 20, 2010 (


No posts found

Write a review