Comment On Cbo: Federal Debt To Exceed 70 Percent Of Economic Output

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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  • On Marijuana Tax, Colorado Asks: What’s Too High?
    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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    The days of tax-free online shopping could finally be numbered. The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years. More
  • Where do more tax cheats live? South and West, IRS study showsWhere do more tax cheats live? South and West, IRS study shows
    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
  • Obamas paid $112,000 in taxes in 2012Obamas paid $112,000 in taxes in 2012
    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
  • CBO slashes GDP expectations in half for 2014
    Back in February, CBO ... GDP ratio will rise to 77 percent by then. “The large and increasing amount of federal debt would have serious negative consequences, including the following: increasing federal spending for interest payments, restraining ...
    08/26/2014 - 9:00 pm | View Link
  • CBO's Long-Term Budget Projections Show a Substantial Imbalance in the Federal Budget
    In that report, we noted that although the gap between federal spending and revenues has narrowed recently, CBO’s long-term projections show ... In that same year, debt held by the public would exceed 100 percent of GDP, a level only seen once before ...
    07/16/2014 - 9:00 pm | View Link
  • CBO: In 25 Years, Federal Debt Held by the Public Will Exceed 100% of GDP
    ( 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 ...
    07/16/2014 - 12:56 am | View Link
  • CBO: U.S. debt to exceed worth of economy by 2039
    WASHINGTON — The U.S. debt held by the public is expected to rise to 106 percent of the economy in 2039 from 74 percent this year, largely driven by increases in the cost of health benefits, the Congressional Budget Office said Tuesday. To put federal ...
    07/15/2014 - 1:00 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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  • Government Spending in United States: Federal State Local ...
    Note: 1. Federal spending after 2014 is budgeted. 2. State spending after 2012 and local spending after 2012 are “guesstimated” by projecting the latest change in ...
    12/18/2014 - 7:49 am | View Website
  • Congressional Budget Office | Nonpartisan Analysis for the ...
    CBO provides Congress with nonpartisan analyses for economic and budget decisions and with estimates required for the Congressional budget process.
    12/18/2014 - 4:28 am | View Website
  • 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 19 percent
    12/18/2014 - 1:51 am | View Website
  • National Debt
    Comprehensive and meticulously documented facts about the national debt. Topics include measures of debt, contributing factors, consequences, and more.
    12/16/2014 - 2:39 pm | View Website
  • Federal Debt and Interest Costs | Congressional Budget Office
    CBO projects that, under current law, debt held by the public will exceed $16 trillion by 2020, reaching nearly 70 percent of GDP. CBO also projects that interest ...
    12/15/2014 - 12:00 am | View Website
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