Cbo: Federal Debt To Exceed 70 Percent Of Economic Output

AFPCBO: Federal debt to exceed 70 percent of economic outputKansas City StarBy KEVIN G. HALL WASHINGTON -- The amount of federal debt held by the public is projected later this year to surpass 70 percent of the nation's annual economic output, the nonpartisan Congressional Budget Office said Tuesday in a report that ...Unchanged tax, health policies to explode US debt-CBOReutersBarbell Approach Only Way to Lift Heavy EconomyBloombergCBO issues bleak long-term budget outlookThe Associated PressWall Street Journalall 186 news articles »

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    If marijuana is legalized and properly regulated, its proponents have long said, it could generate millions of dollars in state tax revenue. But how the drug should be taxed has proved to be a thorny question. More
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    Worried the Internal Revenue Service might target you for an audit? You probably should be if you own a small business in one of the wealthy suburbs of Los Angeles. You might also be wary if you're a small-business owner in one of dozens of communities near San Francisco, Houston, Atlanta or the District of Columbia. More
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    President Obama and first lady Michelle Obama paid more than $112,000 in taxes in 2012, an effective federal income tax rate of more than 18% for 2012, according to the White House. The Obamas and Vice President Biden and his wife released their tax returns Friday, three days before the April 15 tax filing deadline. More
  • Sliced bagel tax? Travelers, beware America's strangest taxes
    Although taxes are one of life’s certainties, they can still surprise you. Consider the iconic New York bagel: decide to have yours toasted, and it’ll come with a tax. The rationale is that sliced bagels are usually consumed on a café or store’s premises—and restaurant meals are taxed, whereas groceries (like a dozen unsliced bagels) are not. More
  • Cancer and age
    There’s no denying that our bodies deteriorate as we age. But here’s one fact in which those in their golden years may take comfort. If you live long enough, your odds of developing certain cancers decline rather than increase as a function of age. Why would that be? U.C. Irvine Biomedical Engineering Professor James Brody […]
    05/18/2014 - 11:45 am | View Link
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  • CBO's Long-Term Budget Projections Show a Substantial Imbalance in the Federal Budget
    In that same year, debt held by the public would exceed 100 percent of ... and the continued economic recovery. That increase would be partially offset by declines in other taxes relative to GDP, most notably receipts from the Federal Reserve and corporate ...
    07/16/2014 - 9:00 pm | View Link
  • Affordable Care Act enrollment to reach 24 million within two years, with 20 million getting government subsidies, CBO predicts
    The long-term economic forecast released by the nonpartisan ... growing deficits push it back to its current levels or higher. Federal debt held by the public is on pace to exceed 100 percent of GDP by 2039, a trend the CBO says cannot be sustained.
    07/16/2014 - 8:15 am | View Link
  • CBO once again shows that Washington’s budget deficits will be driven by out-of-control spending, not a lack of revenue
    “Twenty-five years from now, in 2039, federal debt held by the public would exceed 100 percent of GDP, CBO projects,” the ... which are projected to increase over the next several years due to economic growth, not accounting for any downturns.
    07/16/2014 - 6:09 am | View Link
  • CBO: In 25 Years, Federal Debt Held by the Public Will Exceed 100% of GDP
    (CNSNews.com)-- Despite a sharp projected rise in personal income taxes over the next 25 years, federal debt held by the public will exceed 100 percent of the nation ... government to respond to a future economic crisis.” High debt could also hurt ...
    07/15/2014 - 9:00 pm | View Link
  • National debt will exceed entire annual US output by 2039, CBO projects
    Public debt is on track to grow to an amount equal to 78 percent ... the risk of an economic depression. But the report says its basic message on debt “applies under a wide range of possible values for some key factors that influence federal spending ...
    07/15/2014 - 9:12 am | View Link
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  • A Guide to Statistics on Historical Trends in Income ...
    Table 1 Change in CBO Comprehensive Income by Income Group and Time Period: Change in average income: Bottom 20 percent: Middle 60 percent: Next
    07/24/2014 - 1:45 pm | View Website
  • Federal Debt and Interest Costs
    The past few years have seen a sharp rise in the debt of the federal government. At the end of fiscal year 2008, debt held by the public amounted to $5.8 trillion ...
    07/24/2014 - 10:31 am | View Website
  • American Public Media: Budget Hero
    Behind the numbers. A look behind the numbers that drive Budget Hero. How does Budget Hero model the federal budget? How does Budget Hero forecast government revenue?
    07/24/2014 - 6:57 am | View Website
  • Fix the Debt: Charts About Excessive Government Spending
    Debt and Budget Deficits Under President Obama shows charts on growth and patterns of national debt under the current administration. Part of the Federal Revenue and ...
    07/24/2014 - 5:45 am | View Website
  • Social Security Payout to Exceed Revenue This Year ...
    The bursting of the real estate bubble and the ensuing recession have hurt jobs, home prices and now Social Security.
    07/24/2014 - 3:50 am | View Website
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