deficit

Wonkbook: What you need to know about the CBO’s new report on the deficit

There are mixed signals on U.S. finances from the CBO.

  • Puneet Kollipara
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  • Wonkbook
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  • Aug 28, 2014

The two charts you need to see to understand Obama’s new budget

Obama’s newly-released 2015 budget might set a new standard for budgetary Pollyannaism.

Obama budget seeks new spending, new taxes to boost economy, tame debt

President Obama on Tuesday unveiled an ambitious budget that promised more than $600 billion in fresh spending to boost economic growth while also pledging to solve the nation’s borrowing problem by raising taxes on the wealthy, passing an overhaul of immigration laws and cutting health costs without compromising the quality of care.

Absolutely everything you need to know about the debt ceiling

Congress has until Oct. 17 to raise the debt ceiling. Here's what happens if they don't.

  • Brad Plumer
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  • Oct 14, 2013

The falling deficit has been a disaster for the GOP

Republicans have lost their reason for being.

  • Ezra Klein
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  • Sep 26, 2013

Everything you need to know about the deficit

Congress is debating the budget deficit again. Here's what you need to know to follow the conversation.

  • Dylan Matthews
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  • Sep 19, 2013

You don’t know what America will look like in 2043, and neither does the government

Seriously? A 30-year budget forecast is supposed to solve Washington's woes?

  • Ezra Klein
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  • Jun 17, 2013

Why do people hate deficits?

It's far from obvious why people care about balancing the budget. So what are the most common reasons given?

  • Dylan Matthews
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  • Apr 8, 2013

Senators are proposing hundreds of “deficit-neutral reserve funds.” What gives?

Senators sometimes want to talk about other stuff when they should be talking about budgets. There's a great loophole for just that purpose.

  • Dylan Matthews
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  • Mar 22, 2013

Our coming deficits are driven by old people, not health inflation

You've heard -- perhaps on this very blog! -- that our long-term deficits are almost entirely driven by health-care costs. That's not quite right.

  • Ezra Klein
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  • Mar 20, 2013

Washington hates deficits. Why it hates them is less clear.

A lot of people hate deficits, and a lot of people hate that the national debt is so high. But why should this worry them?

  • Dylan Matthews
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  • Mar 13, 2013

The problem with Alan Simpson

Alan Simpson's style might work among the Washington establishment, but it's holding back his cause.

  • Ezra Klein
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  • Feb 20, 2013

‘The deficit chart that should embarrass deficit hawks’

"Here's a pretty important fact that virtually everyone in Washington seems oblivious to: The federal deficit has never fallen as fast as it's falling now without a coincident recession."

  • Ezra Klein
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  • Feb 12, 2013

10 great points from David Leonhardt’s ‘Here’s the Deal’

David Leonhardt's "Here's the Deal" is one of the calmest, clearest looks you'll find at the deficit -- both what it is and how to fix it. Here are 10 of the passages I highlighted in the book.

  • Ezra Klein
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  • Feb 11, 2013

Three ways hitting the debt ceiling could increase the deficit

Ironically, hitting the debt ceiling will almost certainly cause the deficit to balloon. Let us count the ways.

  • Dylan Matthews
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  • Jan 14, 2013

How the fiscal cliff deal will affect the economy and deficits, in six charts

A graphical look at what will and won't result from the fiscal cliff deal.

Deficit spending is progressive

Deficit reduction would save everyone money on interest payments, but the rich would get the biggest break by far.

  • Dylan Matthews
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  • Oct 2, 2012

Reconciliation

Monetary policy, Zelda, and other stories we missed.

  • Dylan Matthews
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  • Aug 3, 2012

Tax group: No, the real price tag for Obama’s tax plan is $243 billion

Citizens for Tax Justice points out that the White House's $150 billion price tag on Obama's one-year tax cut extension only appears to include part of the total cost—the income tax cuts. Obama's own 2013 budget includes a permanent fix to the Alternative Minimum Tax and some relief from scheduled estate tax hikes, which are both separate from the standard income tax. Adding these in would add $80 billion to the total.

  • Suzy Khimm
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  • Jul 10, 2012