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| | Deficit - Wikipedia, the free encyclopedia |
 | | Subsequently the budget has returned to a deficit basis; the estimated U.S. deficit for fiscal year 2005 was $319 billion. | | | Fiscal conservatives denounce deficit spending and advocate balanced budgets. | | | A budget deficit occurs when an entity (often a government) spends more money than it takes in. |
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http://en.wikipedia.org/wiki/Deficit
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| | AllRefer.com - budget : The U.S. Budget Deficit (Economics: Terms And Concepts) - Encyclopedia |
| | Budget reforms passed in 1974 mandated congressional budget resolutions to serve as alternatives to the president's proposed budget, and budget impasses became common. | | | A balanced budget was maintained through late 2001, but tax cuts, the cost of President Bush's "war on terrorism," increased defense and other spending, and the effects of an economic recession produced a deficit again beginning with the 2002 budget. | | | Revenues have not kept pace with expenditures, and the federal budget has had annual deficits since 1969. |
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http://reference.allrefer.com/encyclopedia/B/budget-the-u.s.-budget-deficit.html
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| | FRBSF: Economic Letter - The Budget Deficit (1/30/98) |
| | For all intents and purposes, the budget is in balance. | | | The remaining 2.4 percentage points of reduction in the deficit as a share of GDP are a reduction in the cyclically adjusted deficit. | | | The end of the era of deficits means that the total drag on the economy inflicted by cumulative budget deficits is no longer increasing. |
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http://www.frbsf.org/econrsrch/wklyltr/wklyltr98/el98-03.html
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| | The Budget and Economic Outlook: Fiscal Years 2005 to 2014 |
| | In general, the budget resolution is enforced through points of order--or procedural objections--that can prohibit the Congress from considering individual spending or revenue bills that are not consistent with the spending or revenue targets specified in the resolution. | | | Extrapolating the remaining budget authority for 2004, CBO's projections of discretionary outlays have risen since the August baseline by $2 billion for 2004 and by a total of $124 billion for the 2004-2013 period. | | | The budget deficit more than doubled in 2003--growing to $375 billion from $158 billion in 2002. |
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http://www.cbo.gov/showdoc.cfm?index=4985&sequence=2
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| | U.S. budget deficit expands to $412.5 billion - Stocks & Economy - MSNBC.com |
| | Democrats used the budget and debt limit announcements to criticize their political opponents’ fiscal record in the run-up to the Nov. 2 presidential election. | | | The fiscal 2003 shortfall was originally reported as a $374.22 billion deficit, which was then a record. | | | Treasury also revised up the previous year’s budget deficit to $377.14 billion from a most recent estimate of $374.27 billion. |
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http://www.msnbc.msn.com/id/6249895
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| | The National Budget, Debt & Deficit :: MarkTAW.com |
| | "Clinton balanced the budget." "The national debt is at an all time high" (and so is the deficit). | | | Also from the Joint Economic Committee Study "Budget Surpluses, Deficits and Government Spending" in 1998. | | | It represents the accumulated deficits in the Government's budgets over the years. |
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http://www.marktaw.com/culture_and_media/TheNationalDebt.html
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| | Historical Budget Data |
| | The historical budget data presented below are from Appendix F of the CBO publication The Budget and Economic Outlook: Fiscal Years 2006 to 2015, released on January 25, 2005. | | | Detailed historical data are maintained by the Office of Management and Budget and published annually as part of the President's budget submission. | | | Revenues, Outlays, Deficits, Surpluses, and Debt Held by the Public, 1962 to 2004 (Percentage of GDP) |
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http://www.cbo.gov/showdoc.cfm?index=1821&sequence=0
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| | CNN.com - Budget office projects U.S. deficit to hit $477 billion - Jan. 26, 2004 |
| | The figures were similar to the budget office's last report as the added costs for the newly passed Medicare expansion were offset by higher revenue generated by the improving economy. | | | The budget office also estimated that deficits for the decade ending in 2013 would total nearly $2.4 trillion. | | | Rather, they provide lawmakers with a baseline from which to measure the effect their policies would have on the budget. |
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http://www.cnn.com/2004/US/01/26/budget.deficits.ap
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| | US returns to triple-digit budget deficits |
| | Both the Congressional Budget Office and the Bush administration’s Office of Management and Budget predict triple-digit deficits will continue in the current fiscal year, with the CBO forecasting a $145 billion deficit and the OMB $109 billion. | | | The Bush administration announced October 24 that the federal budget deficit for the fiscal year ending September 30 was $159 billion. | | | The budget deficit will only worsen as the full impact of the 2001 tax cut begins to be felt. |
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http://www.wsws.org/articles/2002/oct2002/budg-o31.shtml
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| | CBS News Bush Deficit Plan Draws Derision December 17, 2003 17:17:26 |
| | The deficit for the budget year that ended Sept. 30 was $374 billion, the highest ever in dollar terms. | | | Administration officials say their goal is a 2009 deficit that is half of this year's level, which White House budget chief Joshua Bolten has said he expects to hit $500 billion. | | | The nonpartisan Congressional Budget Office projected last August that after peaking at $480 billion this year, the gap would drop to $170 billion by 2009 — if no new tax cuts are enacted and spending grows only at the rate of inflation. |
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http://www.cbsnews.com/stories/2003/12/17/politics/main589170.shtml
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| | Federal Budget & Deficit |
| | Increasing deficits are caused either by a drop in revenues or an increase in expenditures. | | | It is easy to see that the greatest increases in both the budget and the deficit were WWI and WWII, and the only era that the deficit actually decreased noticeably was between WWI and the Great Depression. | | | Since the spending increase is significantly larger than the revenue increase the deficit increases. |
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http://www.geocities.com/CapeCanaveral/Launchpad/5577/philo/fedbgt.htm
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| | [No title] |
| | Although projecting the exact impact of the current account deficit on the budget deficit involves assumptions that are subject to debate, the basic logic is unassailable. | | | There are reasons for believing that the actual impact of the current account deficit on the budget deficit could be either higher or lower, but the potential impact is large compared to many other items that are included in the budget projections. | | | This paper examines the impact of the persistence of a large current account deficit on the budget deficit. |
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http://www.cepr.net/publications/Current_Account_Deficit.htm
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| | Online NewsHour: Record Budget Deficit -- July 15, 2003 |
| | We have in the number you cited which is an estimate of the '03 budget deficit; we have included costs for the war on Iraq. | | | The Bush administration announced the 2003 federal budget deficit would be the highest in U.S. history: $450 billion. | | | Joshua Bolten is the new director of the Office of Management and Budget for the White House. |
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http://www.pbs.org/newshour/bb/economy/july-dec03/deficit_7-15.html
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| | The Seattle Times: Nation & World: Bush's budget may be tough sell at Capitol |
| | The budget is a blueprint proposed by the administration; lawmakers in both chambers will spend much of the year haggling over which programs to fund and which to scale back. | | | It is the 2004 deficit that Bush is promising to cut in half by 2009, but he's not starting with the actual 2004 deficit of $412 billion. | | | Instead, his benchmark is the projected $521 billion deficit that his Office of Management and Budget estimated a year ago, when the fiscal year was only four months old. |
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http://seattletimes.nwsource.com/html/nationworld/2002172952_budget07.html
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| | A Record Deficit (washingtonpost.com) |
| | The liberal-leaning Center on Budget and Policy Priorities estimates the total in omitted costs at more than $140 billion -- meaning that a more honest estimate of the 2009 deficit would be at least $370 billion and perhaps as high as $410 billion. | | | As the administration notes, tax cuts account for 29 percent of the deterioration in the budget balance in the past three years. | | | The lesson of the new deficit numbers is that these cuts are a cost the country cannot afford. |
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http://www.washingtonpost.com/wp-dyn/articles/A41149-2004Aug4.html
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| | Some analysts say Bush's deficit-cutting plan is an illusion - Jan. 26, 2004 |
| | The Congressional Budget Office estimated Monday that the federal budget deficit would swell to $477 billion this year, a record in terms of the sheer number of dollars involved, amounting to 4.2 percent of gross domestic product (GDP), the highest level since a record 4.8 percent in 1986. | | | The budget also will not include the effect of reforming the alternative minimum tax (AMT) to cut the number of people it affects, which the CBO has estimated will add $172 billion to the deficit through 2009. | | | Jeremy Siegel of Wharton School of Business talks about budget deficits and whether tax cuts were a mistake. |
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http://money.cnn.com/2004/01/26/news/economy/election_budget
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| | Federal budget deficit forecast to hit nearly $2.4 trillion over next decade |
| | But the Concord Coalition, a nonpartisan group that supports a balanced budget, said that if all expiring tax cuts are made permanent and spending continues to rise at the same rate, the CBO estimate of total deficits could be increased by $5.4 trillion over 10 years. | | | WASHINGTON -- The nonpartisan Congressional Budget Office yesterday projected the government would build up almost $2.4 trillion in red-ink spending over the next 10 years throwing a lit match into the explosive election-year issue of budget deficits. | | | This year's budget, passed by Congress, calls for spending $2.3 trillion, up from $1.7 trillion when he took office. |
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http://www.post-gazette.com/pg/04027/266028.stm
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| | t r u t h o u t - Treasury Reports Record 400 Billion Deficit |
| | In its monthly budget report, the Treasury said the July deficit was $69.16 billion, based on revenues of $134.42 billion and spending of $203.58 billion. | | | In its recent budget review, the Office of Management and Budget said it expects the deficit to be about $445 billion this year, while the Congressional Budget Office has projected a more conservative $422 billion. | | | The White House says the deficits, when compared to the size of the U.S. economy, remain manageable and are the result of slower revenues due to the recession and September 11 attacks in 2001 and more spending for defense and security. |
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http://www.truthout.org/docs_04/081204V.shtml
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| | Senate Budget Committee - Democratic Staff Website |
| | Instead of using those spending cuts to reduce the deficit, the budget plan irresponsibly uses them to help provide more tax cuts that overwhelmingly benefit the wealthiest. | | | Looking forward, deficits and debt will explode just outside the administration's five-year budget window — as the rising cost of tax cuts and other administration policies collide with the retirement of the baby boom generation. | | | The administration's deficit projections also continue to omit large costs, such as long-term ongoing war costs and the cost of reforming the Alternative Minimum Tax. |
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http://budget.senate.gov/democratic
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| | Bush budget includes $521 billion deficit - washingtonpost.com Highlights - MSNBC.com |
| | His budget also does not propose any cuts to the majority of federal spending, entitlement programs such as Medicare, Medicaid and Social Security that are funded by congressionally mandated formulas, not annual spending bills. | | | The budget will propose a modest, one-year tax change to keep millions of Americans from facing the alternative minimum tax, a parallel income tax system originally designed to ensure the rich pay taxes but increasingly ensnaring the middle class. | | | But budget aides in both parties noted that the higher number makes it easier to say the deficit would be cut in half in five years. |
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http://msnbc.msn.com/id/4131906
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| | USATODAY.com - Democrats assail Bush's budget, deficit |
| | The new figures were released days before the House and Senate Budget committees plan to write their own spending plans for the coming year. | | | The CBO report said Bush's budget would yield deficits totaling $2.58 trillion during the 10-year period ending in 2015. | | | Kent Conrad said President Bush's budget will pass on "a crippling and growing debt" to future generations. |
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http://www.usatoday.com/news/washington/2005-03-05-dem-budget_x.htm
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| | The U.S. budget is in worse shape than many people think - Aug. 27, 2003 |
| | The size of the deficit could be critical to the broader economy, according to some economists, who worry it could force interest rates ever higher, raising the cost of borrowing and slowing down growth. | | | This week, the Congressional Budget Office (CBO) projected deficits of $401 billion in 2003 and $480 billion in 2004, both the widest deficits in dollar terms in the nation's history -- though still relatively low as a percentage of gross domestic product (GDP), the broadest measure of the entire economy. | | | At that pace, if the tax cuts are made permanent and a prescription drug plan is passed, the 2004-2008 deficit projection jumps to $2.6 trillion, and the 2004-2013 deficit projection surges to $6.2 trillion. |
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http://money.cnn.com/2003/08/27/news/economy/budget
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| | Record '05 Deficit Forecast (washingtonpost.com) |
| | Continued Deficits Tax breaks and war costs could make it extremely difficult for the Bush administration to meet its goal of halving the budget deficit in five years, new Congressional Budget Office figures show. | | | The 2009 deficit, excluding war and Social Security costs, is expected to drop to $207 billion, just over half of last year's record $412 billion level, the forecast said. | | | Additional war spending this year will push the federal deficit to a record $427 billion for fiscal 2005, effectively thwarting President Bush's pledge to begin stanching the flow of government red ink, according to new administration budget forecasts unveiled yesterday. |
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http://www.washingtonpost.com/wp-dyn/articles/A35029-2005Jan25.html
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| | New Congressional Budget Office Estimates Show Continued High Deficits and Further Fiscal Deterioration, Rev. 10/1/04 |
| | Over the ten-year period from 2002 to 2011, the budget deteriorated by an average of about $870 billion per year, for a total deterioration of $8.7 trillion over the period. | | | The Administration is portraying the drop in the projected 2004 deficit from the $477 billion level that CBO projected in March to the newer estimate of $422 billion as a sign of unexpectedly strong economic growth, which the Administration also claims vindicates its tax-cut policies. | | | When the actual deficit is announced at about $422 billion shortly before the election, the Administration may contend that the $422 is “good news” that shows further progress has been made since July, because the 2004 deficit has been “reduced” further from $445 billion to $422 billion. |
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http://www.cbpp.org/9-7-04bud.htm
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| | ATTENTION: DEFICIT DISORDER: The Budget Deficit |
| | Clinton uses the resulting revenues to take the federal budget from great big deficits down to smaller and smaller deficits and then in the last year, year and a half of his office, his time in office, the federal government goes into surplus. | | | The CBO, Congressional Budget Office, once again, estimates that the tax cut will reduce federal revenues by 1.6 trillion over the next ten years and that the tax cut alone accounts for about 45% of the projected deficit. | | | Discretionary spending--discretionary spending now -- a non defense discretionary now is a much smaller share of the budget and of GDP than it was at the beginning of the Reagan Administration. |
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http://www.uncommonknowledge.org/700/705.html
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| | Office of Management and Budget - SourceWatch |
| | The Office of Management and Budget (http://www.whitehouse.gov/omb/) (OMB) is headed by Director Joshua B. Bolton. | | | OMB ensures that agency reports, rules, testimony, and proposed legislation are consistent with the President's Budget and with Administration policies. | | | In helping to formulate the President's spending plans, OMB evaluates the effectiveness of agency programs, policies, and procedures, assesses competing funding demands among agencies, and sets funding priorities. |
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http://www.sourcewatch.org/index.php?title=Office_of_Management_and_Budget
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| | Budget tight, deficit high csmonitor.com |
| | Bush has vowed to cut the deficit in half by 2009, and his new budget would do that, if the measure used is the deficit's percentage of GDP, say administration officials. | | | After all, the nation's deficit will hit $427 billion in fiscal year 2005, after the administration's expected $80 billion supplemental request for military operations spending is added on. | | | The bottom line: a tight projected budget, plus the possibility of big undetailed costs arising later in the year, mean that the massive federal deficit may now affect US politics more than it did in Bush's first term. |
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http://www.csmonitor.com/2005/0208/p01s01-uspo.html
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| | Bush's agenda faces rising budget deficit csmonitor.com |
| | Given the circumstances, the budget is expected to be tight. | | | Such outlays are projected to grow from 54 percent of the budget in 2004 to 62 percent in 2015, absent changes in law, according to CBO. | | | Though it is difficult to compare numbers exactly, due to the swings of supplemental spending for military operations in the Middle East, CBO says that the total budget deficit projection for 2005-20014 has worsened by about $500 billion. |
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http://www.csmonitor.com/2005/0126/p01s03-usec.html
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| | SACRAMENTO / Analyst advises action now to aid budget later / Breaking deal on education funds could cut deficit |
| | Elizabeth Hill said the deficit for the upcoming budget year was $6.7 billion but could be as low as $3.9 billion, depending on how lawmakers handled education spending. | | | She said the funds should be saved for use in later budget years. | | | The administration had been predicting a $5.1 billion deficit for next year, and Department of Finance spokesman H.D. Palmer acknowledged that that number would be larger when Schwarzenegger presents his budget on Jan. 10. |
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http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2004/11/18/CALBUDGET.TMP
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| | MPR: The Budget Balancer |
| | The budget deficit wasn't built in a day. | | | Anyone can balance a budget; just cut from the expenditure side until it matches the revenue side. | | | Before you begin the Budget Balancer, you might want to learn more about the governor's budget proposal. |
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http://news.minnesota.publicradio.org/features/2003/03/10_newsroom_budgetsim
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| | Facing state's budget deficit |
| | Forty percent of the state's operating budget is buying health insurance for employees and others, or providing health care directly. | | | The first problem the new governor and Legislature will face in January is the budget deficit. | | | The new governor and Legislature must arrest the increasing cost of health care to balance the budget. |
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http://seattlepi.nwsource.com/opinion/198758_talmadge09.html
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| | Federal Budget Deficit |
| | First, projections of unified budget surpluses for the next several years assume continued borrowing in excess of $100 billion annually from the Social Security trust fund. | | | It is now all but certain that the federal government will run a unified budget surplus in fiscal year 1998. | | | Estimated Budget Deficit Excluding Social Security, FY 1998: $36 billion to $56 billion |
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http://www.progress.org/conc04.htm
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| | The US Budget Deficit: On an Unsustainable Path |
| | Thereafter, deficits are likely to grow much larger, as health and retirement costs mount for the baby boom generation. | | | Under reasonable projections, the budget deficit is likely to amount to about 3.5 per cent of Gross Domestic Product (GDP) in each year over the next decade. | | | The US Budget Deficit: On an Unsustainable Path |
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http://www.brookings.edu/views/articles/20041201orszaggale.htm
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| | Federal Budget Spending and the National Debt |
| | FAQs and Answers on the Balanced Budget Amendment. | | | Soon the interest payment on your loan is bigger than any other item in your budget. | | | on the National Debt is the third largest expense in the federal budget. |
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http://www.federalbudget.com
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| | Larry Kudlow on John Kerry & the Budget Deficit on NRO Financial |
| | The fiscal-year 2004 budget deficit now looks to come in around $435 billion, less than 4 percent of GDP. | | | It seems that a flood of new tax collections, spurred by fatter employment payrolls and corporate profits, is rapidly reducing the federal budget gap. | | | The latest budget numbers show a $19.1 billion surplus for June, $3 billion higher than the $16 billion Wall Street expectation. |
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http://www.nationalreview.com/kudlow/kudlow200407160830.asp
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| | California's Budget Crisis |
| | Californians and the State Budget: Opinions About the Deficit and Support for Policy Options and Structural Reforms (2003). | | | As Governor Davis and the legislature cope with the current fiscal crisis, many observers are wondering how the state budget could have swung so quickly from a large surplus to an even larger deficit. | | | The effects of the shortfall will be felt across a range of public services; but the crisis may also prompt a much-needed review of fiscal arrangements and realities at the state and local level. |
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http://www.ppic.org/main/issue.asp?i=372
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| | Monmouth University Faculty Publications, 2002-2003 |
| | "The 1993 Budget Reconciliation Bill and the Federal Budget Deficit" Encyclopedia of Public Administration and Public Policy Jack Rabin editor New York: Marcel Dekker, pp. | | | "The Success of the 1993 Budget Reconciliation Bill at Reducing the Federal Budget Deficit" The Review of Policy Research 19 (4): 30-43, 2002 | | | Dennis S. Ippolito, Why Budget Matters: Budget Policy and American Politics Perspectives in Political Science 32 (4): 229, 2003 |
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http://library.monmouth.edu/about/faculty_pubs/facultypubs0203.html
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| | The Concord Coalition |
| | "Official likens budget deficit to hurricane," Richmond Times-Dispatch (9/26/05) | | | Key Questions Voters Should Ask Candidates About the Budget, Social Security and Medicare Brochure | | | Concord Coalition Warns that 10-Year Deficit Could Reach $5.7 Trillion (Press Release - 8/15/05) |
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http://www.concordcoalition.org
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| | U.S. National Debt Clock |
| | The Concord Coalition - A nonpartisan, grass roots movement to eliminate the deficit and bring entitlements down to a level that's fair to all generations | | | 4 Jan 04 - Bush's budget for 2005 seeks to rein in domestic costs (New York Times) | | | 31 May 03 - Democrats expect record Debts -- Federal Deficit is forecast to approach $500 billion next year (Washington Post) |
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http://brillig.com/debt_clock
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