Tag Archives: Fiscal policy

Congresssional Budget Office


Economic Effects of Reducing the Fiscal Restraint That Is Scheduled to Occur in 2013

Policymakers are facing difficult trade-offs in formulating the nation’s fiscal policies. On the one hand, if the fiscal policies currently in place are continued in coming years, the revenues collected by the federal government will fall far short of federal spending, putting the budget on an unsustainable path. On the other hand, immediate spending cuts or tax increases would represent an added drag on the weak economic expansion.

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CBO Analyzes Effects of Fiscal Restraint Scheduled Under Current Law

Policymakers face difficult trade-offs in deciding how quickly to implement policies to reduce budget deficits. On the one hand, cutting spending or increasing taxes slowly would lead to a greater accumulation of government debt; on the other hand, immediate spending cuts or tax increases would represent an added drag on the weak economic expansion.

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Senate Amendment 2122 in the Nature of a Substitute to S. 3187, the Food and Drug Administration Safety and Innovation Act

CBO Estimate of the Statutory Pay-As-You-Go Effects for Senate Amendment 2122 in the Nature of a Substitute to S. 3187, the Food and Drug Administration Safety and Innovation Act

 

 

 

Sick of your student loans? …Robert Applebaum


Below is an email from Robert Applebaum, a MoveOn member who created a petition at SignOn.org that is getting a lot of attentionand may be of interest to you. If you have concerns or feedback about this petition, clickhere >>>  http://civic.moveon.org/signon_feedback/?id=31019-17809870-F5JLeRx&t=1

Dear MoveOn member,

Forgiving the student loan debt of all Americans will have an immediate stimulative effect on our economy.  With the strokeof the President’s pen, millions of Americans would suddenly have hundreds, or in some cases, thousands of extra dollarsin their pockets each and every month to spend on ailing sectors of the economy.

As consumer spending increases, businesses will begin to hire, jobs will be created, and a new era of innovation, entrepreneurship,and prosperity will be ushered in for all.  A rising tide does, in fact, lift all boats—forgiving student loan debt,rather than tax cuts for corporations, millionaires and billionaires, has a MUCH greater chance of helping to raise thattide in a MUCH shorter time-frame.

The future economic success of this country is wholly dependent upon a well-educated, prosperous middle class.  Instead ofsaddling entire generations with debt from which there is no escape, let’s empower the American people to grow this economyon their own!

That’s why I created a petition on SignOn.org, calling on President Obama and Congress to support legislation seeking studentloan forgiveness as a means of economic stimulus.

Will you sign the petition? Click here to add your name, and then pass it along to your friends:

http://www.moveon.org/r?r=263764&id=31019-17809870-F5JLeRx&t=2

Thanks!

–Robert Applebaum

The text above was written by Robert Applebaum, not by MoveOn staff, and MoveOn is not responsible for the content. This email was sent through MoveOn’s secure system, and your information has been kept private.

The Economic Outlook and Options for Fiscal Policy


CBO’s Web site: