…from this post) and spending on cyclical social programs (like unemployment benefits) is surging. This adds up to an exponentially rising budget deficit, and thus an increasing debt burden. The…

…(or lowering taxes in response to reductions in spending), addressing an inherited budget deficit, and promoting long-run growth. The last two motivations are essentially unrelated to other factors influencing output,…

…sheet, June 7, 2002: The War and Recession — Not the Tax Cuts — Drained the Budget Surplus 2003. White House Fact Sheet, Feb 2003″ The budget would be in…

As the GOP argues that Congress is cutting spending to reduce the deficit, Robert Greenstein, Joel Friedman, and Aviva Aron-Dine present evidence that demonstrate: (1) their actions will actually increase…

…fiscal 2006, the CBO estimates that the on-budget deficit next year will be in the neighborhood of $580 billion (producing a headline unified budget figure of about $390 bn). This…

…the time. Greenspan’s deliberate implication is that the US’s budget deficits are the result of bad budgetary forecasts, not the tax cuts. That is simply not true, however. How can…

The Cyclically Adjusted Budget Deficit The CBO has released its estimates of the “cyclically adjusted” budget balance for the US. What does that mean? The CBO explains: Calculations of cyclically…

Partnering with Visa, McDonalds’ Suggests a Budget for Employees which Ironically Shows in the End Just How Impossible It is to Get by on the Minimum Wage. The budget does…

…GDP. Binyamin Applebaum explains. One example of the budget-ledger legerdemain: Mr. Trump has pledged to end estate taxation. His budget, however, projects that the government will collect more than $300…

…Committee for a Responsible Federal Budget (CRFB) which reliably confuses the Federal Budget with the Social Security program. CRFB claims to want to cut government spending to balance the Budget,…