economic crisis federal budgets and public policy march 28, 2009
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Economy Today
http://www.bea.gov/national/index.htmftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt
http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=economic_indicators&docid=f:00de08.txt.pdf
President’s Budget
http://www.whitehouse.gov/omb/assets/fy2010_new_era/Summary_Tables2.pdf
Deficit... 459 1,752 1,171 912 581
CBO Update
http://www.cbo.gov/ftpdocs/100xx/doc10014/03-20-PresidentBudget.pdf
CBO’s baseline projections of the deficit have risen bymore than $400 billion in both 2009 and 2010 and bysmaller amounts thereafter.
Deficit Estimates
http://www.cbo.gov/ftpdocs/100xx/doc10014/03-20-PresidentBudget.pdf
Deficit Financing
DiscussionWhy Congressional Republicans are raising an alarm about the projected increase in deficits?
Why many economists believe deficits are necessary in the short run?
How do deficits affect the economic performance in the long run?
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