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
  • Senate planning vote on Internet sales tax bill
    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
  • 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 projects deficit to decline to $506 billion in FY2014
    The baseline federal ... debt, according to the CBO report. By FY2022, CBO projects the deficit will exceed $900 billion, unless changes are made to current law. CBO expects the deficit as a percentage of Gross Domestic Product (GDP) to drop to 2.9 percent ...
    08/27/2014 - 12:36 pm | View Link
  • CBO: Deficit falls to $506 billion in 2014, but debt continues to rise
    CBO predicts growth will finally exceed 3 percent in 2015 ... Lori Montgomery covers U.S. economic policy and the federal budget, focusing on efforts to tame the national debt.
    08/26/2014 - 9:00 pm | View Link
  • CBO slashes GDP expectations in half for 2014
    The U.S. economy grew just 1.9 percent in 2013, and has yet to exceed ... amount of federal debt would have serious negative consequences, including the following: increasing federal spending for interest payments, restraining economic growth in the ...
    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 - 1:00 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 ...
    07/15/2014 - 1:00 pm | View Link
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  • Political debates about the United States federal budget ...
    Many of the debates about the United States federal budget center around competing macroeconomic schools of thought. In general, Democrats favor the principles of ...
    08/22/2014 - 11:19 pm | View Website
  • Congressional Budget Office (CBO)
    Nonpartisan analysis of the federal budget and the economy for the U.S. Congress
    08/22/2014 - 9:38 pm | View Website
  • Federal Deficit vs. National Debt
    The terms "national debt" and "federal deficit" are widely used by our politicians. But the two are not interchangeable. Here's a quick explanation of each.
    08/22/2014 - 7:51 pm | View Website
  • National debt of the United States
    The national debt of the United States is the amount owed by the federal government of the United States. The measure of the public debt is the value of the ...
    08/22/2014 - 2:15 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 ...
    08/21/2014 - 3:20 pm | View Website
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