The
Federal
Deficit

Federal Deficit Problems

Policy Recommendations

Problems

• Social Security

• Health Care

• Trade Deficits

• Fiscal Policy

• Budget Reform

Solutions

• Social Security

• Health Care

• Trade Deficits

• Fiscal Policy

• Budget Reform

Glossary

Sign our
Guestbook!

 

Works Cited

Social Security

¹ Moon, Marilyn. Group interview. 6 March. 2006.

2 Congressional Budget Office. The Long Term Budget Outlook.  Chapter 3: The Long-Term Outlook for Social Security, p13. (December 2005).

³ Steuerle, Gene. Group interview. 6 March. 2006.

⁴ Multop, Ridge. Group interview. 6 March, 2006.

⁵ Congressional Budget Office. The Long Term Budget Outlook.  Chapter 3: The Long-Term Outlook for Social Security, p24. (December 2005).

⁶ Congressional Budget Office. The Long Term Budget Outlook.  Chapter 3: The Long-Term Outlook for Social Security, p23. (December 2005).

⁷ Wessel, David. What Is the Matter With Social Security? The Wall Street Journal. 1 February 2005.

Health Care

⁸ “The Long-term Outlook for Medicare and Medicaid.” The Long Term Budget Outlook. Congressional Budget Office. December 2005. Pages 27-28. 

⁹ Congressional Budget Office. The Long Term Budget Outlook. Chapter 3: The Long-Term Outlook for Medicare and Medicaid. December 2005. Pages 29-30.

¹⁰ Congressional Budget Office. The Long Term Budget Outlook.  Chapter 3: The Long-Term Outlook for Medicare and Medicaid. December 2005. Page 31.

¹¹ “Special Report: America’s Health-Care Crisis.” The Economist. January 28, 2006.  Page 25.

¹² “The Long-term Outlook for Medicare and Medicaid.”  The Long Term Budget Outlook.  Congressional Budget Office. December 2005.  Page 33 . 

¹³ “The Long-term Outlook for Medicare and Medicaid.”  The Long Term Budget Outlook.  Congressional Budget Office. December 2005.  Page 33. 

¹⁴ Klumpner, Jim. Interview. 8 March, 2006.

Trade Deficits

¹⁵ Central Intelligence Agency. “Current Account Balance.” 2004 March 14, 2004 <http://www.cia.gov/cia/publications/factbook/geos/us.html#Econ>.

¹⁶ Mann, Catherine. Managing Exchange Rates: Achievement of Global Re-balancing or Evidence of Global Co-dependency? Business Economics, July 2004

¹⁷ Economic Report of the President. “Chapter 6: The US Capital Accounts Surplus.” March 14, 2006 <http://www.gpoaccess.gov/eop/2006/2006_erp.pdf>.

¹⁸ Gabrielsen, Trond “Case study: Banking Crisis Mexico,” available from <http://www2.gsb.columbia.edu/ipd/j_bankingMXN.html>

Fiscal Policy

¹⁹ Calmes Jackie, “Budget Wish Lists Come and Go, but Entitlements Outweigh All; They Cost $3 Billion a Day, Rise 8% a Year, Leave Bush Little Room to Maneuver; Coming Soon: Baby Boomers.”  Wall Street Jounal.  3 Febuary 2006, natl. ed.

Budget Reform

²⁰ United States. Congressional Budget Office. The Long Term Budget Outlook. December 2005.

²¹ Time to Take the Federal Budget Off Autopilot. 29 August, 2005. Steuerle, Eugene          C., and Penner, Rudolph G. 1 March, 2006. <http://www.urban.org/url.cfm?ID=900838>

²²  Budget Rules. 23 July, 2005. Steuerle, Eugene C., and Penner, Rudolph G. 1 March, 2006. < http://www.urban.org/url.cfm?ID=1000668>   

²³ United States. Congressional Budget Office. The Long Term Budget Outlook. December 2005.

²⁴ Time to Take the Federal Budget Off Autopilot. 29 August, 2005. Steuerle, Eugene           C., and Penner, Rudolph G. 1 March, 2006. <http://www.urban.org/url.cfm?ID=900838>

²⁵ Budget Rules. 23 July, 2005. Steuerle, Eugene C., and Penner, Rudolph G. 1 March, 2006. < http://www.urban.org/url.cfm?ID=1000668>

²⁶ Time to Take the Federal Budget Off Autopilot. 29 August, 2005. Steuerle, Eugene           C., and Penner, Rudolph G. 1 March, 2006. <http://www.urban.org/url.cfm?ID=900838>

²⁷ United States. Congressional Budget Office. Reforming the Budget Process: Statement of Douglas Holtz-Eakin. 23 March, 2004.

²⁸ United States. Congressional Budget Office. Reforming the Budget Process: Statement of Douglas Holtz-Eakin. 23 March, 2004.