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The Budget Deficit in Context

…decade is from the CBO. This CBO forecast assumes that Bush’s tax cuts are made permanent, that AMT is mostly fixed, that spending in Iraq and Afghanistan tapers off gradually…

1,346 Days (UPDATED)

…have concluded that the invasion of Iraq was unrelated to the GWOT. The situtation in Afghanistan is not much better. Worldwide terrorism is still on the rise and America is…

"Freedom"

…the invasion of Afghanistan in October 2001, the US administration had reached the conclusion that “in the end, we can take security and military measures against terrorism but… the best…

The Cost of War

…the ongoing combat in Iraq and Afghanistan, bringing the total budgeted so far to well over $200 billion. But military officers say the administration’s estimates do not include the investment…

Fiscal Policy Options for Bush’s Second Term

Afghanistan. The Pentagon is expected to seek an additional $70 billion early next year. Moreover, the president’s budget does not include the cost of a Social Security reform plan that…

Reason #4 to Vote for Kerry: Budget Deficits

…assume that the budgetary effects of the fall of the stock market, recession and the expenses related to 9/11 (including the military action in Afghanistan) were unavoidable. If Bush had…

Another $70 Billion

This is utterly unsurprising, but still depressing: The Bush administration intends to seek about $70 billion in emergency funding for the wars in Iraq and Afghanistan early next year, pushing…

Tempest in a Gay Teapot

…taken over a country. I was concerned about the fact that he was basically running Afghanistan and calling the shots for the Taliban. But once we set out the policy…

Deficit Forecasting

…to 2009, as projected in 1/03, 8/03, 1/04, and today. The final bar, labeled “Today (*)” adds $1 trillion to realistically, but conservatively, account for (1) not allowing all of…