Defining Moment
1968-Present
1968-Present
Modern America Era
Defining Moment
What Americans Were Trying To Do
Finance commitments, emergencies, tax/spending gaps, and public investments when current revenue is insufficient.
What Happened
Federal borrowing supports many choices across eras, but accumulated debt creates net interest costs that compete with other priorities.
How Public Finance Made It Possible
Public finance allows flexibility, but interest payments become obligations future budgets must carry.
What This EnabledBorrowing can help respond to crisesinvestbut taxpayers also fund interest on
How Americans BenefitedBorrowing can help respond to crisesinvestbut taxpayers also fund interest on
Anchor Events
Top 100 Building Events
