Debt & Deficits
Latest
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Growth and Deficit Reduction Are Not Incompatible
Yesterday in an interview on CNBC's Squawkbox, former Treasury Secretary Larry Summers chimed in again on his views that boosting economic growth...
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GAO Explains the Debt
The Government Accountability Office, the investigative arm of Congress, posted a short educational video explaining the national debt today. In a...
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Short-Term Deficits May Be Shrinking, But Long-Term Problem Remains
Update: This blog has been updated to include the Mid-Session Review and CBO projections for the 2013 deficit. Yesterday, the Treasury Department and...
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Wessel: Why It's Wrong to Dismiss the Deficit
Two weeks ago, we responded to a Larry Summers op-ed calling for a focus on growth rather than deficits. Yesterday, Wall Street Journal economics...
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Could Faster Growth Solve Our Debt Woes?
A number of commentators have suggested recently that our budget problems could be solved if only we focused more on promoting economic growth...
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New Poll Finds Broad Support for Comprehensive Debt Plan
The Campaign to Fix the Debt has recently released the results of a new national telephone poll that found broad support for a comprehensive deficit...
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Deficits are a First-Order Problem
Yesterday, Former Treasury Secretary and director of the National Economic Council Larry Summers argued that “budget deficits are now a second-order...
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Marc Goldwein: Don’t Believe the Myth That Debt Problem is a Myth
With the recent improvement in medium-term budget projections, some are trying to advance the myth that our debt problems have been solved. But as we...
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We Need More Than $13 Trillion in Deficit Reduction Over the Next 20 Years
In light of CBO's updated long-term projections, and our subsequent CRFB Realistic Long-Term Projections, CRFB has taken a fresh look at the minimum...
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What Do High Debt Levels Do To Our Economy?
Politicians and economists have long talked about the negative effects of an accumulating national debt, but cannot always quantify their position...
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IMF Emphasizes Need Smarter Deficit Reduction Strategy
After finishing its preliminary annual review of the U.S., the International Monetary Fund (IMF) concluded the U.S. could spur additional economic...