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It is not possible to dismiss them simply by assuming that rapid growth will quickly restore the economy to full employment. The projected deficits are increasingly deficits at full employment, and in the absence of a return to full employment the deficits...

Deficit Reduction Proposals: Hearings Before the Committee on Finance ... - Page 64
by United States. Congress. Senate. Committee on Finance - 1984 - 801 pages
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First Concurrent Resolution on the Budget--fiscal Year 1985 ..., Parts 1-2

United States. Congress. Senate. Committee on the Budget - 1984 - 1062 pages

...return to full eaployment the deficits that actually emerge will only be larger. The issue now facing OS fiscal policy is not the familiar one of the role...thereof) of temporary active deficits as discretionary stabilisers, but rather the effects of sustained deficits at full employment as a permanent feature...

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