NAVIGATION MAIN MENU

COMPENDIUM LIBRARY/TWITTER MONITOR
VIDEO GALLERY
Economic News
Newsbrief Archives
Democrat Leadership Twitter and Realtime Feeds
Cabinet twitter and realtime feeds
North America weblog
International weblog
Democrats twitter directory
Latest Government Jobs and Public Tenders
Jobs Matrix
Global Travel Information
Pop Entertainment Forum
Start Portal


Please make a donation to support upkeep of the daily news journal, back archives, twitter feeds and the compendium library.










Analysts: Future Budget Outlook Gloomy« Thread Started on Ma

Daily newsbrief journal for May 2004, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


Analysts: Future Budget Outlook Gloomy« Thread Started on Ma

Postby admin » Thu Jan 26, 2012 7:46 am

Analysts: Future Budget Outlook Gloomy« Thread Started on May 22, 2004, 11:45pm »--------------------------------------------------------------------------------From The Associated Press, 12/20/03:http://abcnews.go.com/wire/Politics/ap20031220_53.htmlAnalysts: Future Budget Outlook GloomyAnalysts Find Future Budget Outlook Gloomy Even With Higher Taxes,Spending RestraintWASHINGTON --Keeping the federal budget at or near balance over the next 50 yearscould require painful tax increases, spending cuts or both, theCongressional Budget Office says.In a look at the government's long-term budget outlook, Congress'nonpartisan fiscal analyst offered possible combinations of tax andspending changes, all of which would leave lawmakers choosing amongpolitically unpalatable options.Even so, some still would leave the government in fiscal peril.Yet, failing to act would drive the accumulated federal debt tounsustainable levels, said the study, released Friday."Taken to the extreme, such a path could result in an economiccrisis," including the possibilities that foreign investors would pullout, the dollar's value plunge, interest rates and prices soar andstock markets collapse.
admin
Site Admin
 
Posts: 82092
Joined: Fri Nov 27, 2009 7:00 am

Return to May 2004

Who is online

Users browsing this forum: No registered users and 4 guests

cron