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| | Deficit spending - Wikipedia, the free encyclopedia |
 | | A government deficit leads to increased government debt (often confusingly called the "national debt" or the "public debt"). | | | When the expenditures of a government (its purchases of goods and services, plus its transfers (grants) to individuals and corporations) are greater than its tax revenues, it creates a deficit in the government budget. | | | Any use of the government deficit to steer the macro-economy is called fiscal policy. |
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http://en.wikipedia.org/wiki/Deficit_spending
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| | Deficit - Wikipedia, the free encyclopedia |
| | Fiscal conservatives denounce deficit spending and advocate balanced budgets. | | | The observed total budget deficit is equal to the sum of the structural deficit with the cyclical deficit or surplus. | | | A structural deficit is the deficit that remains across the business cycle, because general tax levels are too low for the general level of government spending. |
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http://en.wikipedia.org/wiki/Deficit
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| | The Joys of Deficit Spending |
| | State and local governments, which often spend less than their tax revenues and thus run budget surpluses, are not included in everyday discussions of THE budget deficit. | | | Technically, the federal budget deficit is the difference between the federal government's tax collections and its spending. | | | The borrowing used to finance this government benevolence is the oft-discussed federal deficit. |
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http://www.eco.utexas.edu/graduate/Konstantinova/PedDeficit.htm
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| | Federal Budget & Deficit |
| | Increasing deficits are caused either by a drop in revenues or an increase in expenditures. | | | Since the spending increase is significantly larger than the revenue increase the deficit increases. | | | During these years spending and revenue rise at about the same rate, but revenue was already behind spending, so the deficit persisted at about the same rate. |
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http://www.geocities.com/CapeCanaveral/Launchpad/5577/philo/fedbgt.htm
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| | Deficit Spending - Definition |
| | Don't confuse the deficit with the debt: the debt is the total amount the government owes; the deficit is the annual amount by which the debt gets bigger... | | | Government spending in excess of what they take in as tax revenue. | | | You can get information on the deficit from the Congressional Budget Office, and on the debt from the Treasury Department. |
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http://www.moneychimp.com/glossary/deficit_spending.htm
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| | Senator Harry Reid -- Democratic Leader |
| | Legislation that exceeds fiscal year 2005 discretionary spending caps, as well as mandatory spending and tax legislation that would increase the deficit, would trigger sequesters. | | | Reinstate Mandatory Spending Cuts to Balance the Budget. | | | The Fiscal Responsibility For A Sound Future Act of 2005 would end the current practice of exempting all mandatory spending and tax cuts assumed in the budget resolution from the pay-as-you-go rule, and extend the Senate pay-go rule (currently set to expire in 2008) through fiscal year 2015. |
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http://democrats.senate.gov/fiscal.html
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| | Bush forsakes fiscal conservative mantra ajc.com |
| | Administration officials attribute much of the spending to the war in Iraq, security spending and weak tax revenue due to the recession. | | | Under President Bill Clinton, budgets were balanced, deficits turned to surpluses, and smaller government faded as an issue. | | | The Bush budget for the coming year caps the growth of nondefense, non-homeland-security discretionary spending at 1 percent. |
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http://www.ajc.com/news/content/news/0204/08deficit.html
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| | Deficit Spending |
| | The deficit spending of the conservative movement is nothing more than an immoral act to destroy the meaning of loving your neighbor as yourself, of our nations ability of being the Good Samaritan and tending to those unable to tend to themselves. | | | The deficit is the result of the republicans wantonly spending more than they take in, as a means to create an environment of economic destabilization so that reducing or eradicating these programs become the only possible solutions. | | | I believe deficit spending is actually part of a plan to remove social programs from government bankrolls. |
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http://journals.aol.com/demyngeiv/SgtReedysEditorials/entries/563
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| | Deficit spending seenas path to budget crisis - The Washington Times: Business - March 03, 2005 |
| | Greenspan stressed that both spending and taxes must be scrutinized to regain control over the budget, although he prefers spending cuts. | | | A first order of business for Congress should be to reinstate the pay-as-you-go rules and discretionary spending caps that prevented Congress during the 1990s from approving large new spending increases or tax cuts without offsets elsewhere in the budget, he said. | | | Deficit spending seenas path to budget crisis - The Washington Times: Business - March 03, 2005 |
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http://www.washtimes.com/business/20050303-121120-2146r.htm
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| | Bush Deficit Spending: CTJ Analysis |
| | According to the CBO figures, the on-budget deficit in fiscal 2003 is likely to exceed $570 billion, meaning that 32 percent of non-Social Security spending will be financed with borrowed money this year. | | | The new level of deficit spending exceeds the previous records set during the Reagan and George Herbert Walker Bush administrations, when on-budget deficits averaged 25 percent and 28 percent of on-budget spending, respectively. | | | The previous one year record for deficit spending, at 31 percent of total non-Social Security outlays, was set under President Reagan in fiscal 1983. |
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http://www.ctj.org/html/debt0603.htm
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| | BBC NEWS Business Does the US budget deficit matter? |
| | The budget deficit is now one quarter of total Federal spending, and 80% of the total receipts from Federal income taxes. | | | Cutting the budget deficit will not be easy, as the experience of the 1990s showed. | | | The ups and downs of the economy, the need for more defence spending on the war on terror, and the generous tax cuts for the wealthy, have all changed the budget arithmetic. |
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http://news.bbc.co.uk/1/hi/business/3430565.stm
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| | Online NewsHour: What's At Stake? -- Deficit Spending |
| | That spending, combined with a surge in homeland security and defense spending after Sept. 11, 2001, has led to an unexpected budget morass after four years of budget surpluses. | | | According to August budget estimates, government spending and tax cuts enacted since February 2001 have eliminated $2.25 trillion of projected budget surpluses over the next decade. | | | But not all members of Congress are endorsing the idea of new deficit spending. |
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http://www.pbs.org/newshour/vote2002/issues/deficit.php
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| | Federal Spending & Deficit Trends |
| | Since all spending must be covered through taxes, any increase in spending is an increase in taxes. | | | The deficit can be thought of as the taxes we should be paying to cover our own spending. | | | Now federal spending is increasing by over $250 per year per citizen. |
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http://www.geocities.com/CapeCanaveral/Launchpad/5577/philo/fedbgt4.htm
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| | Spending and Lying |
| | The federal spending frenzy of the last few years is well documented, but these latest figures have congressional Republicans and the White House scrambling to figuring out how to explain the budget mess to voters in November. | | | True fiscal conservatives in Congress have only one choice: Vote NO on all spending bills, especially the 13 annual appropriations bills. | | | Bush’s spending requests, but their votes don’t always match their words. |
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http://www.house.gov/paul/tst/tst2004/tst020204.htm
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| | Deficit Spending |
| | In the long run, the biggest challenge to the budget is mandatory spending... | | | But this increase in debt does not mean that all of it is a deficit. | | | The real deficit is the amount of money the government must borrow to make ends meet each year. |
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http://www.newsbull.com/forum/forum.asp?FORUM_ID=180164
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| | CNN - China plans deficit spending to beat economic woes - March 6, 1999 |
| | Deficit spending will continue the public works programs begun last year to make sure the economy grows at 7 percent and generates jobs, they said. | | | Beijing outlined a 56 per cent increase in the existing deficit, bringing total debt to 150.3 billion yuan ($18.16 billion). | | | BEIJING (CNN) -- China on Saturday proposed a massive government spending spree, including a double-digit hike for the military, to push the country toward recovery. |
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http://www.cnn.com/WORLD/asiapcf/9903/06/china.congress.01
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| | Worldandnation: A shift from surplus to deficit spending |
| | The federal budget has not been in deficit since fiscal 1997. | | | Worldandnation: A shift from surplus to deficit spending | | | Now, however, Conrad is actively advocating a wide range of new tax cuts and other spending bills to boost the economy and defend the nation -- even if it leads to deficit spending. |
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http://www.sptimes.com/News/100101/Worldandnation/A_shift_from_surplus_.shtml
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| | deficit spending |
| | the practice of spending funds in excess of income, esp. by a government. |
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http://www.infoplease.com/dictionary/deficit+spending
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| | Deficit Spending for Katrina by Ron Paul |
| | A fiat money system that engenders cycles of new money and deficit spending is not the savior of the poor, but rather their worst enemy. | | | Both sides simply assume hundreds of billions of dollars in new government spending are needed. | | | But history shows us that “compassionate” deficit spending hurts poor people the most, by devaluating the dollar. |
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http://www.lewrockwell.com/paul/paul277.html
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| | BBC NEWS Business US budget deficit soars in July |
| | The deficit for the month was $69.16bn (£37.8bn), based on revenues of $134.42bn and spending of $203.58bn, the US Treasury department reported. | | | The total budget deficit for 2004 is set to hit a record high of $445bn, according to White House projections. | | | The US government is spending more than it is earning |
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http://news.bbc.co.uk/1/hi/business/3557044.stm
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| | USATODAY.com - Federal deficit forecast at $477B |
| | But spending has grown an average of 7% a year for three years, and there is enormous pressure, even from Republicans, to increase spending on popular things such as highways and education. | | | If there is no extra spending and the tax cuts phase out, the CBO estimates the budget deficit will steadily shrink and disappear in 2014. | | | The increase is due mostly to a prescription-drug benefit for people on Medicare and a catch-all spending bill. |
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http://www.usatoday.com/news/washington/2004-01-26-def_x.htm
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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. | | | 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. | | | 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. |
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http://www.washingtonpost.com/wp-dyn/articles/A35029-2005Jan25.html
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| | CBS News Fiscal Fracas Divides GOP December 4, 2003 14:18:20 |
| | The deficit is due partly to increased spending, but is also a result of two big tax cuts and a slower economy. | | | Those concerned about the increase in spending point to the size of the deficit, which hit $374 billion in fiscal year 2003 — $216 billion more than the year before. | | | Governments tend to run deficits during economic downturns, basically to try to replace stalled consumer spending with government outlays. |
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http://www.cbsnews.com/stories/2003/12/04/politics/main586899.shtml
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| | White House Predicts 2004 Deficit Of $445 Billion -- the Biggest Ever (washingtonpost.com) |
| | "The deficit remains at a level that we think is unwelcome," said Joshua B. Bolten, director of the Office of Management and Budget. | | | But Bolten said declining deficit projections for the next four years do not include additional emergency spending, which is expected to reach tens of billions of dollars. | | | Dragged down by the lowest consumer spending in three years, the quarterly growth rate was the lowest since the first quarter of 2003. |
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http://www.washingtonpost.com/wp-dyn/articles/A27211-2004Jul30.html
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| | Life on Mars: Deficit Spending |
| | But if we take the spending as some sort of necessity, I’d much rather be taxed on it than hand on that debt to future (or perhaps my) generations. | | | But giving “Tax and Spend” as the reason for ignoring the Democratic party just seems like an awful joke these days given that the current Republican government has a “Tax-cut and Spend” policy that is getting worse and worse: | | | As the deficit rises to unheard of levels, public services and institutions will be shut down, thus reducing the size of government. |
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http://kasei.us/archives/2004/01/27/budget
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| | Ed Feulner on the Deficit & Spending on NRO Financial |
| | According to Riedl, all Congress has to do is limit the average annual growth of mandatory spending programs to 4.6 percent per year — instead of the 5.6 percent proposed by President Bush — and freeze non-defense discretionary spending at the 2003 level, and we could have a balanced budget by 2008. | | | Ed Feulner on the Deficit & Spending on NRO Financial | | | If deficit hawks were serious, they'd curb spending. |
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http://www.nationalreview.com/nrof_comment/comment-feulner062303.asp
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| | USATODAY.com - Economists defend deficit spending at White House |
| | Administration projections of the budget deficit do not include the cost of peacekeeping and rebuilding efforts in Iraq, which could be hundreds of billions of dollars. | | | However, other economists and Democrats in Congress said the deficit is hurting the economy and blamed the Bush tax cuts. | | | But he said the long-term prognosis is that after modest cuts in the deficit over the next few years, shortfalls will balloon again unless major budget changes are made. |
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http://www.usatoday.com/news/washington/2003-07-16-economy-usat_x.htm
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| | deficit spending Definition |
| | The amount by which a government, company, or individual's spending exceeds its income over a particular period of time. | | | This article tells you why you should save and how much you should save, with specific emphasis on creating an emergency fund, and when to invest in high-risk, high-return ventures. |
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http://www.investorwords.com/1373/deficit_spending.html
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| | Some analysts say Bush's deficit-cutting plan is an illusion - Jan. 26, 2004 |
| | Some observers have said deficits don't matter, noting the economy survived enormous deficits under President Reagan, and claiming the economic boom of the 1990s may have been due, in part, to deficit spending. | | | 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. | | | What's more, spending on Social Security and Medicare -- "mandatory" budget expenditures -- will skyrocket by the end of the decade, as millions of baby boomers begin to retire, de Rugy and other analysts say. |
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http://money.cnn.com/2004/01/26/news/economy/election_budget
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| | Centerfield: Democrat vs. Republican Deficit Spending |
| | But the GOP's promise to cut taxes and spending concurrently has turned quickly into a reality of cutting taxes while continuing to spend. | | | The inherent promise in the GOP's promises to cut taxes is that they'd cut spending concurrently, because they think government is too big. | | | No, he believes that the way to cut deficits is to cut taxes. |
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http://www.centristcoalition.com/blog/archives/001227.html
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| | danieldrezner.com :: Daniel W. Drezner :: Singing the deficit blues |
| | The budget surplus is gone, federal spending is out of control and the government is swimming in debt. | | | All in all, though, Democrats complaining about deficit spending is really laughable, given 40 plus years of absolute indifference to budgetary discipline when they controlled one or both branches of Congress. | | | A politician's seriousness in deficit reduction can be measured by his position on spending - only those who call for substantive cuts in programs "where the money is" (not just defense or "waste, fraud and abuse") are really serious about the deficit. |
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http://www.danieldrezner.com/archives/001589.html
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| | Cesar V. Conda on John Kerry and Deficit Reduction on NRO Financial |
| | In an effort to brandish his credentials as a deficit hawk, Kerry has called for the renewal of Congress’s budget-enforcement rules, which require new spending and tax cuts to be “paid for” by spending cuts or tax increases elsewhere. | | | The unavoidable increases in government spending needed to respond to 9/11 and the subsequent global war on terrorism had a significant impact on the budget situation under President Bush. | | | And given his almost $2 trillion spending plans, the only way John Kerry will come close to eliminating the deficit is if he raises taxes far, far higher than the $700 billion in he has already pledged by increasing taxes on the rich. |
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http://www.nationalreview.com/nrof_comment/conda200404300825.asp
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| | The Norman Transcript - Coburn blasts deficit spending |
| | The Muskogee Republican cited the recent $286 billion transportation bill as an example of spending based on politics and not efficiency. | | | While supporting ending the death tax, Coburn wrote an amendment to reduce spending in accordance with the tax elimination, which he said was $700 million over 10 years. | | | The senator said cutting expenses is as vital as slashing the federal budget. |
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http://normantranscript.com/localnews/local_story_231003803?...
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| | Federal Budget Spending and the National Debt |
| | So, when a politician votes for a spending bill he is saying that he believes the government should spend that particular dollar rather than the individual who worked for it." Neal Boortz. | | | If next month you don't have enough money to cover your spending (another deficit), you must borrow some more, and you'll still have to pay the interest on the loan. | | | Soon the interest payment on your loan is bigger than any other item in your budget. |
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http://www.federalbudget.com
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| | Reducing the Deficit: Spending and Revenue Options |
| | The report concludes with an appendix listing the spending options by the budget functions that would be affected, and a glossary of budget and economic terms. | | | The next three chapters include more than 150 options for reducing spending, organized by broad categories that have become the focus for deficit reduction efforts--defense and international discretionary spending, domestic discretionary spending, and entitlement and other mandatory spending. | | | It is the 18th such compendium that the Congressional Budget Office (CBO) has prepared as part of its annual report to the House and Senate Committees on the Budget. |
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http://www.cbo.gov/showdoc.cfm?index=6&sequence=1&from=5
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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 | | | 10 Jan 06 - Bush seeking to limit spending growth in '07 Budget (Bloomberg) | | | 31 May 03 - Democrats expect record Debts -- Federal Deficit is forecast to approach $500 billion next year (Washington Post) |
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http://www.brillig.com/debt_clock
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