Debt & Deficits
Latest
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Deficit Reduction Doesn't Need to Be Front-loaded
Regular readers of The Bottom Line are probably familiar with our goal of putting the debt on a downward path as a share of the economy over the long...
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Mankiw Agrees on the Target for Deficit Reduction
Former Chairman of the Council of Economic Advisors and Harvard Professor Greg Mankiw explains how a sustainable budget would affect debt levels in a...
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160 Economists and Policy Experts Call for Comprehensive Deficit Reduction
Despite a growing chorus of debt deniers, most economics continue to agree that putting in place a long-term plan to responsibly address our growing...
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How Much Is the Economy Contributing to Deficits?
Last Friday, the CBO released a report showing how much the business cycle has affected budget deficits since 1960. The report shows the effect that...
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Simpson and Bowles Release $2.4 Trillion Deficit Reduction Framework
Today, former Fiscal Commission co-chairs and Moment of Truth Project co-founders Erskine Bowles and Alan Simpson have released a new framework...
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Third Way Calls for $1.9 Trillion of Deficit Reduction
Today, Third Way has released their analysis of the February CBO Economic and Budget Update, reaching a similar conclusion to our report on the new...
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The New Target: At Least $2.4 Trillion of Additional Deficit Reduction
President Obama was recently quoted in the Washington Post as saying that an additional $1.5 trillion of deficit reduction would hit the $4 trillion...
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The Economic Benefits of Deficit Reduction
On the same day they released their February Baseline projection, the Congressional Budget Office (CBO) released a companion report on Macroeconomic...
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Economists in Favor of Smart Deficit Reduction
A recent op-ed from Joe Scarborough in Politico has brought back attention to the stimulus vs. deficit reduction debate. Some commentators like Paul...
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How Far We Have to Go on Deficit Reduction
In the past few weeks, we have made the case for putting debt on a downward path as a percent of GDP as a goal for the next round of deficit reduction...
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Putting the Debt on a Downward Path
Yesterday, President Obama suggested we need about $1.5 trillion in deficit reduction on top of what has been enacted so far, a claim which matches a...