Debt & Deficits

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 $...

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...
Secretary Clinton

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...

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...

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...

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 (...

Does the President's Budget Increase the Deficit or Reduce It? (The Answer Depends on Your Baseline)

According to Obama Administraton, the President's FY2011 reduces the ten-year deficit by $2.1 trillion; or $1.2 trillion if the savings from the...

Orszag Promises Deficit Reduction Next Year

In a speech given today at New York University, OMB Director Peter Orszag said the Administration intends to cut the deficit in half by the end of...

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