by jpitney | Sep 3, 2020 | Debt, Economic Policy
From the Congressional Budget Office: Deficits. CBO projects a federal budget deficit of $3.3 trillion in 2020, more than triple the shortfall recorded in 2019. That increase is mostly the result of the economic disruption caused by the 2020 coronavirus pandemic and...
by jpitney | Aug 18, 2020 | Economic Policy
David Dreier at RealClearPolicy: During the 2016 campaign, Hillary Clinton proposed spending $275 billion over five years on infrastructure, and Donald Trump promised “at least double” that. Now, the President says he wants to spend “at least $1 trillion” on...
by jpitney | May 14, 2020 | Debt, Economic Policy
Coronavirus is accelerating the already-serious problem of federal debt. James McBride, Andrew Chatzky, and Anshu Siripurapu at the Council on Foreign Relations: The United States’ debt-to-GDP ratio is among the highest in the developed world. Among other major...
by jpitney | May 12, 2020 | California Politics, Coronavirus, Economic Policy, State Government
From the Rose Institute of State and Local Government at Claremont McKenna College — Written by Sevion DaCosta, Tara Mehra, Robin Peterson, Henry Schulz, and Nathaniel Tran, our newest report explores some of the ways the CARES Act is impacting state and local...
by jpitney | May 7, 2020 | Debt, Economic Policy
Former Senator Judd Gregg (R-NH) at The Hill: The deficit for this year is now projected to exceed $4 trillion. This makes the deficit approximately four times larger then any deficit ever wrung up before. The debt we will owe as a nation will exceed our gross...
by jpitney | Apr 25, 2020 | Coronavirus, Debt, Economic Policy, Uncategorized
An April 24 report from CBO: CBO has developed preliminary projections of key economic variables through the end of calendar year 2021, based on information about the economy that was available through yesterday and including the effects of an economic boost from...
