Over the last several fiscal years the imbalance between U.S. govAit. spending and revenues has grown as a result of the economic downturn and policies enacted in response to financial turmoil. In FY 2010, the U.S. government spent $3, 456 billion and collected $2, 162 billion in revenue, resulting in a budget deficit of $1, 294 billion. Contents of this report: (1) Overview: Budget Cycle; Budget Baseline Projections; Spending and Revenue Trends; Deficits, Debt, and Interest; (2) Budgeting in Tough Economic Times: Fed. Response to Economic and Financial Market Turmoil; Budget Deficit Estimates for FY 2011; Budget for FY 2012; (3) Considerations for Congress: Short-and Long-Term Considerations. Illustrations. This is a print on demand report.Issues for FY 2011, FY 2012, and Beyond Mindy R. Levit ... Some measures of fiscal solvency in the long term indicate that, under current policy, the U.S. may face a major future crisis, specifically as it relates to rising health care costs and theanbsp;...
|Author||:||Mindy R. Levit|
|Publisher||:||DIANE Publishing - 2011-08|