Tag Archives: Budget Deficit


Senate Tax Bill to Add $1 Trillion to Deficit

$1 trillion

“Congress’ nonpartisan tax analysts have concluded the Senate Republicans’ tax plan would add $1 trillion to the deficit over 10 years, contradicting White House promises the bill would pay for itself and complicating GOP leaders’ efforts to find the support they need to pass the bill through a closely divided Senate,” the Washington Post reports.


The Trump Tax Plan’s Deficit Problem

$1.7 trillion

CNBC: “The GOP bill including some changes would increase federal budget deficits by $1.7 trillion over 10 years, according to Joint Committee on Taxation estimates shared by the nonpartisan Congressional Budget Office. That includes money for additional debt service payments due to the bill. … Under budget rules congressional Republicans are using to pass a tax plan, the bill can only increase deficits by $1.5 trillion over 10 years, before growth is taken into account.”


The Price of Ducks


Amount in tax breaks allowed for every episode of “Duck Dynasty” taped in Louisiana, even as Gov. Bobby Jindal (R) tries to close a $1.6 billion budget hole, the Baton Rouge Advocate reports. “The A&E television reality show takes part in the nation’s most generous entertainment-tax credit program. Jindal is proposing no changes, arguing that reducing such breaks is tantamount to raising taxes.”


2013 Budget Deficit Drops Dramatically

$680 billion

The fiscal year’s federal budget deficit, which fell more sharply than in any year since the end of World War II. The Treasury Department reported Thursday that the “deficit for 2013 dropped to $680 billion, from about $1.1 trillion the previous year,” the New York Times reports. “In nominal terms, that is the smallest deficit since 2008, and signals the end of a five-year stretch beginning with the onset of the recession when the country’s fiscal gap came in at more than $1 trillion each year. As a share of the nation’s economy, the budget deficit fell to about 4.1 percent, from a high of more than 10 percent during the depths of the Great Recession.”


New Bowles-Simpson Budget Would Trim $2.4 Trillion Over 10 Years

$2.4 trillion

Amount Erskine Bowles’ and Alan Simpson’s proposed new budget framework would cut the country’s debt over the next decade, CNN reports.


Sarah Palin Calls Obama ‘Sugar Daddy’

The Sugar Daddy has run out of sugar.

— Polebrity Sarah Palin, writing on Facebook, on President Obama’s economic policies, ignoring the fact that it is her team that keeps walking away from the negotiating table.

News & Comment

Jon Stewart Shows Rep. Paul Ryan How to Lower Deficit without Killing Programs for Children, the Elderly and the Poor

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
Ryan’s Private Savings – Path to Prosperity
Daily Show Full Episodes Political Humor & Satire Blog The Daily Show on Facebook