Tag Archives: CBO

[unable to retrieve full-text content]Trumps 2017 Tax Break Extension chart and explanation . . . Sources: CBO (for most provisions), *JCT( R&E provision), **CRFB (Interest provision) New estimates from the Congressional Budget Office (CBO) put a price tag of nearly $5 trillion on extending all the Trump-GOP tax law, which is mostly scheduled to expire at the end of 2025. That is more […] The post Extending Trumps 2017 Tax Cuts appeared first on Angry Bear.

[unable to retrieve full-text content]There has been much noise about immigration to the United States. Enough so as to have an impact on the last US election with people selecting an isolationist to be the president. At this time, the new president is discussing removing them from the United States. There are laws in place allowing immigrants to stay […] The post Immigration to the United States and Its Impact to the Federal Budget appeared first on Angry Bear.

The Demographic Outlook: 2024 to 2054, Congressional Budget Office, January 2024 A difference approach to determining the population, the resulting projections, and outcomes as determined by the Congressional Budget Office. The Congressional Budget Office is describing its population projections, which underlie the agency’s baseline budget projections and economic forecast that have been published in already. This report provides the foundation...

This popped up on “Letters from an American” just last night. I was too tired to read Prof. Heather Cox-Richardson’s article. So, I missed out on a good message about the income of America’s population. This is a recent commentary by the not-so nonpartisan Congressional Budget Office in September 2022. The thrust of the article? “Trends in the Distribution of Family Wealth, 1989 to 2019.” Prof. Heather Cox-Richardson’s Introduction; Since...

In their most recent 10-year budget and economic forecast, the CBO made a big change, reducing their long-run forecast of the interest rate on government bonds by almost a full percentage point, from 3.7 to 2.9.  Most directly, the new, lower interest rate reduces expected debt payments over the next decade by $2.2 trillion. It also significantly reduces the expected debt-GDP ratio. Under the assumptions the CBO was using at the start of this year, the debt ratio under existing policy...

SummaryContrary to mainstream opinion the CBO report is a positive result. The CBO finds that higher deficits will lead to higher and faster GDP growth and employment. The governement deficit is the private sector surplus and while the private sector balance remains positive and grows the likelihood of a stock market crash or recession is low. The purpose of this report is to show the finding of the latest CBO about the Federal deficit is a good thing and should be celebrated. To produce...