February 2013 Cbo Report On The Budget And Economic Outlook Fiscal Years 2013 To 2023
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February 2013 CBO Report on the Budget and Economic Outlook: Fiscal Years 2013 To 2023 by Congress of Congressional Budget Office,Congressional Budget Office (U.S.) Staff Pdf
The February 2013 Congressional Budget Office (CBO) Report on The Budget and Economic Outlook for Fiscal Years 2013 to 2023.
The Budget and Economic Outlook by Christine Bogusz Pdf
Reports on the state of the Federal budget and the United States economy. Each January, the Congressional Budget (CBO) prepares "baseline" Federal budget projections and the outlook for the United States economy spanning the next 10 years. Those projections are not a forecast of future events; rather, they are intended to provide a benchmark against which potential policy changes can be measured. Therefore, as specified in law, those projections generally incorporate the assumption that current laws are implemented. But substantial changes to tax and spending policies are slated to take effect in calendar year 2013 under current law. So CBO has also prepared projections under an "alternative fiscal scenario," in which some current or recent policies are assumed to continue in effect, even though, by law, they are scheduled to change. The decisions made by lawmakers as they confront those policy choices will have a significant impact on budget outcomes in the coming years.
The Budget and Economic Outlook by Congressional Budget Office,Christine Bogusz,Chris Howlett,Kate Kelly,John Skeen Pdf
This volume is one of a series of reports on the state of the budget and the economy that the Congressional Budget Office (CBO) issues each year. It satisfies the requirement of section 202(e) of the Congressional Budget and Impoundment Control Act of 1974 that CBO submit to the Committees on the Budget periodic reports about fiscal policy and its baseline projections of the federal budget. In accordance with CBO's mandate to provide objective, impartial analysis, the report makes no recommendations. The economic projections were prepared by CBO's Macroeconomic Analysis Division. The revenue estimates were prepared by the agency's Tax Analysis Division, with assistance from the staff of the Joint Committee on Taxation. The spending projections were prepared by CBO's Budget Analysis Division. The federal budget deficit—although starting to shrink—remains very large by historical standards. How much and how quickly the deficit declines will depend in part on how well the economy does over the next few years. Probably more critical, though, will be the fiscal policy choices made by lawmakers as they face the substantial changes to tax and spending policies that are slated to take effect within the next year under current law. The pace of the economic recovery has been slow since the recession ended in June 2009, and the Congressional Budget Office (CBO) expects that, under current laws governing taxes and spending, the economy will continue to grow at a sluggish pace over the next two years. That pace of growth partly reflects the dampening effect on economic activity from the higher tax rates and curbs on spending scheduled to occur this year and especially next. Although CBO projects that growth will pick up after 2013, the agency expects that the economy's output will remain below its potential until 2018 and that the unemployment rate will remain above 7 percent until 2015.
Budget and Economic Outlook by Christine Bogusz Pdf
This is one of a series of reports on the state of the budget and the economy that the Congressional Budget Office (CBO) issues each January. The baseline budget projections that CBO provides are based on the assumption that current laws and policies remain unchanged as well as on various estimates and assumptions about how the economy will behave and government programs will operate. Such projections are always uncertain, but in 2003, the uncertainty is magnified, so estimates of budgetary outcomes must be interpreted cautiously. Chapters: The Budget Outlook; The Economic Outlook; The Revenue Outlook; The Spending Outlook; and The Uncertainty of Budget Projections. Dozens of charts and tables.
The Budget and Economic Outlook by Christine Bogusz Pdf
Reports on the state of the Federal budget and the United States economy. Each January, the Congressional Budget (CBO) prepares "baseline" Federal budget projections and the outlook for the United States economy spanning the next 10 years. Those projections are not a forecast of future events; rather, they are intended to provide a benchmark against which potential policy changes can be measured. Therefore, as specified in law, those projections generally incorporate the assumption that current laws are implemented. But substantial changes to tax and spending policies are slated to take effect in calendar year 2013 under current law. So CBO has also prepared projections under an "alternative fiscal scenario," in which some current or recent policies are assumed to continue in effect, even though, by law, they are scheduled to change. The decisions made by lawmakers as they confront those policy choices will have a significant impact on budget outcomes in the coming years.
We are Better Than this by Edward D. Kleinbard Pdf
"A book which examines how government - which is to say, all of us, acting collectively - can make our country healthier, wealthier and happier, if we put government to useful work in those areas where it most productively complements our private markets"--
This compact yet comprehensive guide provides a wealth of information that is timely, easy to understand, and relevant to the academic and civic lives of students, teachers, researchers, and the general public. Economics surround us, impacting the decisions people make as consumers, producers, workers, savers, investors, taxpayers, and voters. This guide offers a thorough and understandable overview of basic economic concepts and principles, providing building blocks for understanding the systems of economics in today's complex world. It then explores contemporary, economics-related topics, issues, and challenges that exist within local communities, the U.S. economy, and the global economy. Using language that is clear, precise, and accessible to high school and community college students as well as to general readers, the book covers microeconomic topics, macroeconomic topics, and international economics. It connects theory and practice as it examines how economic decisions are made and looks at the roles of the private and public sectors in achieving growth, stability, and employment. In addition, the author explores overarching trends in the global economy and the prospects for economic development in emerging nations and offers specific ways to locate other quality print and online resources on economics.
