economic crisis federal budgets and public policy march 28, 2009
DESCRIPTION
President’s Budget Deficit ,752 1,TRANSCRIPT
![Page 2: Economic Crisis Federal Budgets and Public Policy March 28, 2009](https://reader036.vdocuments.us/reader036/viewer/2022082723/5a4d1b127f8b9ab0599901fc/html5/thumbnails/2.jpg)
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
![Page 3: Economic Crisis Federal Budgets and Public Policy March 28, 2009](https://reader036.vdocuments.us/reader036/viewer/2022082723/5a4d1b127f8b9ab0599901fc/html5/thumbnails/3.jpg)
President’s Budget
http://www.whitehouse.gov/omb/assets/fy2010_new_era/Summary_Tables2.pdf
Deficit... 459 1,752 1,171 912 581
![Page 4: Economic Crisis Federal Budgets and Public Policy March 28, 2009](https://reader036.vdocuments.us/reader036/viewer/2022082723/5a4d1b127f8b9ab0599901fc/html5/thumbnails/4.jpg)
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.
![Page 5: Economic Crisis Federal Budgets and Public Policy March 28, 2009](https://reader036.vdocuments.us/reader036/viewer/2022082723/5a4d1b127f8b9ab0599901fc/html5/thumbnails/5.jpg)
Deficit Estimates
http://www.cbo.gov/ftpdocs/100xx/doc10014/03-20-PresidentBudget.pdf
![Page 6: Economic Crisis Federal Budgets and Public Policy March 28, 2009](https://reader036.vdocuments.us/reader036/viewer/2022082723/5a4d1b127f8b9ab0599901fc/html5/thumbnails/6.jpg)
Deficit Financing
![Page 7: Economic Crisis Federal Budgets and Public Policy March 28, 2009](https://reader036.vdocuments.us/reader036/viewer/2022082723/5a4d1b127f8b9ab0599901fc/html5/thumbnails/7.jpg)
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?