Tag Archives: Budget Deficit

​Is the Ultimate goal of the Republican Party to Bankrupt the United States?

Opinion:  Patricia Johnson President Donald J. Trump increased the National Debt of the United States by $7.8 trillion dollars during his four years in office or a total of $1.95 trillion dollars per year. Donald J. Trump was our 45th … Continue reading

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The Budget and Economic Outlook: 2015 to 2025 | Congressional Budget Office

The Budget and Economic Outlook: 2015 to 2025 | Congressional Budget Office. Note from P.L. Johnson The budget deficit for FY 2015 is estimated to come in at $468 billion, which is calculated at 2.6% of GDP and will be the lowest … Continue reading

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U.S. National Debt – Cause and Effect

By Patricia L Johnson and Richard E Walrath Each year the CBO, Congressional Budget Office, releases a report titled The Budget and Economic Outlook with their projections for the period beginning the year it’s released and containing projections for the … Continue reading

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How Much Do You Know About the Bush Tax Cuts andTheir Impact on our Deficit and National Debt?

By Patricia L Johnson Each year the bipartisan Congressional Budget Office (CBO) completes a projected budget for the next decade. The CBO projection in 2001 for the 10-year period of 2002 through 2011 indicated budget surpluses totaling $5.6 trillion dollars1  … Continue reading

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The Effects of Tax-Financed Spending v. Debt-Financed Spending

By Patricia L Johnson and Richard E Walrath President Clinton was voted into office in 1992 and served for eight years. When he took over the office of President we had three tax rates, 15%, 28% and 31% and the … Continue reading

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Starting Over with a Super Committee

By Patricia L Johnson The National Commission on Fiscal Responsibility and Reform was created on February 18, 2010 by President Barack Obama. Section 2 & 3 outline membership selection of this commission as follows: Sec. 2. Membership. The Commission shall … Continue reading

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Do You Know Enough to Have an Opinion?

Under President George W. Bush Individual and Corporate taxes were lowered.  What that means is there is less revenue coming into the U.S. Treasury, which in turn increases the U.S. deficit. The tax cuts put into place during the Bush … Continue reading

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