In the news this week, we learned that the Congressional Budget Office had come up with new estimates for this year’s federal deficit.
Here’s the upshot of the report:
Largely as a result of the enactment of recent legislation and the continuing turmoil in financial markets, CBO’s baseline projections of the deficit have risen by more [...]
The Congressional Budget Office has produced a cost estimate for the conference agreement on H.R. 1, the American Recovery and Reinvestment Act of 2009 – the version of the bill being debated in both the House and the Senate today.
Our number crunching comes up with the following results: The bill costs the average U.S. family [...]
I was struck this morning by a news report on the record budget deficit: $482 billion. That’s about $4,800 per U.S. family or $1,500 per person. The report cited an administration official as saying that the deficit was being driven to an all-time high “by the sagging economy and the stimulus payments being [...]