Posts tagged as:

Congressional Budget Office

The US Will Never Again Run A Balanced Budget

April 13, 2010 · 10 comments

in US Treasury, US debt, budgets, central banks, debt, deficits, economy, international economy, money supply, news and updates, world order, world reserve currency

Thus spake the Congressional Budget Office on the long-term future of American fiscal integrity (or rather, the coming lack of it).  As Niall Ferguson reported in his piece for the Financial Times back in February,

“The long-run projections of the Congressional Budget Office suggest that the US will never again run a balanced budget. That’s right, [...]

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State of the Economic Union: How Will Obama Get Massive U.S. Budget Deficits To Budge?

January 27, 2010 · 2 comments

in 2010, GDP, January, Obama, US Treasury, US debt, US economy, budgets, debt, deficits, employment, fiscal year, government, news and updates, recession, special dates, stimulus, stimulus plan

The Obama administration sits between an economic rock and a political hard place.  Others might call it a contradiction.  Obama needs to cut spending, but he’s doing this at the same time that more spending is being introduced (on job creation, more troops in Afghanistan).  Slight cuts in some areas are supposed to offset increased [...]

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