Republicans claim to want to reduce the budget deficit, but then why are they joining Democrats in raiding Social Security for nearly $200 billion in extra benefits for government workers? The House last month passed the misnamed Social Security Fairness Act, 327-75. Senate Majority Leader Chuck...
What is a government budget deficit? How does it affect interest rates, investment, and economic growth? If government purchases and taxes are increased by $500 billion simultaneously, what will the effect be on equilibrium output (income)?
an IRS-designed pencil sharpener, two Obamacare/IRS cartoons (here and here), a collection of IRS jokes, a sale on 1040-form toilet paper (a real product), a song about the tax agency, the IRS’s version of the quadratic formula, and (my favorite) a joke about a Rabbi and an IRS...
Ten-year Treasury notesFederal budget deficit(ProQuest: ... denotes formulae omitted.)1IntroductionOne very visible contemporary public policy...doi:10.1007/s12197-017-9424-8Cebula, Richard J.Springer Science & Business MediaJournal of Economics and Finance...
Considering that the definition of SCs is still evolving and there is no “best formula” for transforming every city into an SC (Mozūriūnaitė and Sabaitytė, 2021), our sample selection process included Spanish cities recognised as SCs in two widely accepted world rankings according to ...
The government's annual income doesn't cover its spending, which was projected to create a $1.8 trillion budget deficit in 2025. Deficits add to the national debt.2 Many argue that Congress should only spend what it earns, but that depends on where the economy is in thebusiness cycle. For...
The government of Mexico runs a policy of maintaining an annual budget deficit of 2.5%. That funding gap needs to be plugged by borrowing. The SHCP provides these missing funds through selling bonds and Treasury bills to investors. The instruments issued by the Mexican government fall into four...
And it would change the formula that determines future federal retirees’ defined benefit annuities to be based on the highest five years of salary, instead of the current “high three.” The budget proposal also could have a significant impact on the Thrift Savings Plan, the federal government...
On the spending side, so-called entitlements – mandatory programs such as Social Security, Medicare and veterans benefits – nowaccount for almost two-thirds of the federal budget, compared withless than halfwhen Clinton took office. Funding for these programs i...
The government budget deficit for this year is projected to be 1.35 trillion yuan, an increase of 150 billion yuan over last year. The projected government budget deficit consists of 950 billion yuan of central government deficit and 400 billion yuan of provincial-level government debt in the ...