…“Leninist Strategy”) For some real heavy lifting advanced students can read through the following sections of the Analytical Perspectives on the Budget (OMBs official explanation of the President’s Budget). Ch….

…review, there are three standard methods of reducing a fiscal debt: default, inflate, and taxation and/or budget cutting. I believe it is clear that default is not desirable; the historic…

…90’s when the top line figure for the federal budget showed a surplus on a combined basis between ‘on budget’ and ‘off budget’ surplus/deficits. Moreover in FY 1999 we saw…

…record decline in budget deficits this year as federal tax receipts outpace expectations and spending on pandemic aid programs wanes. The budget gap for fiscal 2022 will total an estimated…

…extend funding for 1 or 2 months at a time, to keep the Trump administration and the Republican congress from reneging on budget deals, refusing to spend appropriated funds, etc. …

…than those for infrastructure. For the latter we have had the specific proposal to privatize air traffic control, a proposal that has previously gone before Congress only to draw opposition…

…we know that Trump lied when he said in Indianapolis that he would not get a benefit from his own tax proposal. His tax proposal would eliminate the AMT backstop…

There will be plenty of reactions to the draft release of the fiscal draft proposal, but one caught my eye as I just came home. Reader HW at TPM has…

…Office of Management and Budget which releases its own 10-year numbers on Social Security with its release of the President’s Budget. Normally these numbers would not be front and center…

…rentier profits of the wealthiest essentially untaxed); Santorum’s tax proposals (even less protective of the poor than Gingrich’s), Romney’s tax proposals (including zero taxation of estates, extraordinarily low taxation of…