by jpitney | Jun 24, 2024 | California Politics, Economic Policy
Reis Thebault at WP: Two years ago, California was so flush that Gov. Gavin Newsom was moved to make a bold declaration about the state’s estimated $100 billion budget surplus.and presidential bona fides…But fast-forward to 2024 and the situation has swung...
by jpitney | Jan 20, 2024 | California Politics, Public Opinion, Uncategorized
.Taryn Luna at LAT: Half of California registered voters consider the state budget deficit an “extremely serious” problem, and 57% believe the state is headed in the wrong direction, according to a new UC Berkeley Institute of Governmental Studies poll co-sponsored by...
by jpitney | May 14, 2022 | Budget, Debt
From CBO: The federal budget deficit was $360 billion in the first seven months of fiscal year 2022 (that is, from October 2021 through April 2022), the Congressional Budget Office estimates. That amount is about one-fifth of the $1.9 trillion shortfall recorded...
by jpitney | Aug 2, 2021 | Debt, Economic Policy
From the Congressional Budget Office: CBO projects a federal budget deficit of $3.0 trillion in 2021 as the economic disruption caused by the 2020–2021 coronavirus pandemic and the legislation enacted in response continue to boost the deficit (which was large by...
by jpitney | Jun 22, 2021 | Bipartisanship, Budget, Debt
Many posts have discussed the deficit and the debt. Policymakers and the general public have tended to ignore these problems in recent years, In 1994, President Clinton named Bob Kerrey and John Danforth to lead a bipartisan commission on entitlements and tax...