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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    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
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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
  • 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
  • 2014 outlook: Corporate profits keep rising as investments stall
    This article examines trends in savings and investment versus consumption and corporate profits and considers the implications these trends may have on U.S. equity markets.
    02/26/2014 - 4:00 pm | View Link
  • Defusing Washington's Debt Bomb
    When President Obama signed the clean debt limit increase that recently passed Congress, he squandered another opportunity to deal with an unprecedented national debt that now tops $17 trillion.
    02/25/2014 - 12:09 am | View Link
  • Reform entitlements --- or go bust
    The president can delay his budget, but no good can come from further postponing our country’s desperately needed financial reforms. The White House announced that President Obama 's proposed budget for fiscal year 2015 will be released on March 4, roughly one month behind schedule.
    02/21/2014 - 12:15 pm | View Link
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  • CBO's 2014 to 2024 Economic Outlook, Changes from Previous Outlook Including Obamacare Headwind
    CBO’s current economic ... percent per year, compared with the 1.3 percent projected previously. A downward revision to the projected growth of the capital stock (reflecting new data and lower projected investment resulting primarily from higher federal ...
    02/4/2014 - 11:27 pm | View Link
  • CBO: Expects Slow Growth in 2013
    CBO expects that economic ... federal debt. As a result, federal debt held by the public is projected to remain historically high relative to the size of the economy for the next decade. By 2023, if current laws remain in place, debt will equal 77 percent ...
    02/6/2013 - 3:38 am | View Link
    The CBO has just published its Budget and Economic ... federal debt held by the public is projected to remain historically high relative to the size of the economy for the next decade. By 2023, if current laws remain in place, debt will equal 77 percent ...
    02/4/2013 - 11:00 am | View Link
  • Debt crisis looms, CBO warns
    WASHINGTON - The national debt will exceed the size of the entire U.S. economy by 2021 -- and balloon to 200 percent of GDP ... after the period of economic weakness -- the smaller will be the damage to the economy from rising federal debt."
    06/22/2011 - 2:53 pm | View Link
  • CBO Analysts Warn Of Crushing Debt If Lawmakers Act Predictably
    Under that scenario, the nation's publicly held debt would exceed ... 69 percent of the nation's entire economic output, its gross domestic product. If the Bush tax cuts are extended, the analysts at the nonpartisan CBO say: Under those policies, federal ...
    06/22/2011 - 9:46 am | View Link
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  • 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 Treasury ...
    04/19/2014 - 4:04 am | View Website
  • US Federal Deficit Definition
    Although the federal deficit is the amount each year by which federal outlays in the federal budget exceed federal receipts, the gross federal debt increases each ...
    04/18/2014 - 11:46 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 ...
    04/18/2014 - 11:18 pm | View Website
  • CBO deficit projections | Econbrowser
    Given this anticipated growth in GDP, even though the debt is expected to increase every year, the economy is projected to grow even faster, so that the CBO ...
    04/18/2014 - 7:43 pm | View Website
  • Historical Data on the Federal Debt
    Economic and Budget Issue Brief. CBO has compiled historical statistics on federal debt held by the public reaching back to 1790, measured against the size of the ...
    04/18/2014 - 5:13 pm | View Website
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