economic crisis federal budgets and public policy march 28, 2009

7
Economic Crisis Federal Budgets and Public Policy March 28, 2009

Upload: wilfrid-cameron

Post on 17-Jan-2018

214 views

Category:

Documents


0 download

DESCRIPTION

President’s Budget Deficit ,752 1,

TRANSCRIPT

Page 1: Economic Crisis Federal Budgets and Public Policy March 28, 2009

Economic CrisisFederal Budgets and Public

PolicyMarch 28, 2009

Page 2: Economic Crisis Federal Budgets and Public Policy March 28, 2009

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

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

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

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

Deficit Financing

Page 7: Economic Crisis Federal Budgets and Public Policy March 28, 2009

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?