Debt & Deficits
Latest
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Putting the Brakes on U.S. Debt
As the world continues to struggle with the economic recovery and increasingly overwhelming debt levels, many are looking to Switzerland’s rather...
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Senator Reid In Favor of 'Deficit Cap' in Debt Limit Increase
Yesterday, Senate Majority Leader Harry Reid (D-NV), proposed adding a "deficit cap" to forthcoming legislation to increase the debt ceiling. While...
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CBO: The Role of Automatic Stabilizers in Deficits
Yesterday, CBO released a report on the effect of automatic stabilizers on the deficit, showing that in recent years, they have added hundreds of...
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How Interest Rates Could Affect Deficits and Debt
Interest rates have an enormous effect on how much we pay each year on servicing our debt. In the Budget and Economic Outlook from January, CBO...
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CRFB Analysis of CBO’s January 2011 Baseline
CBO now projects the 2011 deficit to reach a record-breaking $1.5 trillion, and increased its deficit projections over the 2011-2020 period by $1.4...
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Stern Releases Plan to Lower the Budget Deficit...and the "Investment Deficit"
Today, Andy Stern, a member of the Fiscal Commission, released the 21st Century Plan for America’s Leadership, a proposal to reduce the federal...
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Hillary Clinton Says National Debt is a Real 'National Security Threat'
Secretary of State Hillary Clinton spoke yesterday about the importance of taking action soon to ensure future fiscal sustainability, calling the...
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Translating Dr. Summers’ Econospeak: Are Budget Deficits Good or Bad?
Larry Summers gave a very interesting and thoughtful talk in Washington recently (May 24). But it was delivered in High Oracular Econospeak, so many...
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CBO's Analysis of the President's FY2011 Budget
In its Analysis of the President's Budget, CBO estimates that the FY 2011 budget proposals would cause public debt levels to rise to 90 percent of GDP...
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The 90 percent Debt-to-GDP Threshold and CBO’s New Debt Estimates
On March 5, the Congressional Budget Office (CBO) gave us a preview of its take on the President’s budget proposals for Fiscal Year 2011 (starting...