Showing posts with label CBO. Show all posts
Showing posts with label CBO. Show all posts
Wednesday, December 6, 2017
Tuesday, June 27, 2017
Wednesday, June 21, 2017
Thursday, May 25, 2017
Saturday, March 18, 2017
Wednesday, March 15, 2017
Saturday, January 10, 2015
Thursday, February 6, 2014
Wednesday, February 5, 2014
Thursday, May 16, 2013
Tuesday, May 14, 2013
PERRspectives: CBO Slashes 2013 Deficit Forecast to $624 Billion
PERRspectives: CBO Slashes 2013 Deficit Forecast to $624 Billion
"On January 7, 200--two weeks before Barack Obama took the oath of office--the Congressional Budget Office forecast the federal budget deficit for fiscal year 2009 at $1.2 trillion. Now, theCBO is projecting the deficit will be only $624 billion for FY 2013, $200 billion less than the nonpartisan budget scorekeeper estimated as recently as February.
"On January 7, 200--two weeks before Barack Obama took the oath of office--the Congressional Budget Office forecast the federal budget deficit for fiscal year 2009 at $1.2 trillion. Now, theCBO is projecting the deficit will be only $624 billion for FY 2013, $200 billion less than the nonpartisan budget scorekeeper estimated as recently as February.
For policymakers in Washington, the implications couldn't be clearer. For starters, the counterproductive Beltway fixation on immediate debt reduction, which economists have warned is slowing U.S. economic growth and costing millions of jobs, should be jettisoned ASAP. And to be sure, the Republicans' next round of debt ceiling hostage-taking should be condemned as the economic sabotage it is."
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