Blog: The Fine Print / Revenue & Spending

CBO 2009 Deficit Projection Tops $1 Trillion

Jan 7, 2009 by Craig Jennings

The Congressional Budget Office released its annual report on the ten-year budget and economic outlook. In 2009, CBO projects that the federal budget deficit will be $1.2 trillion. At 8.3 percent of GDP, that number would "shatter the previous post-World War II record high of 6.0 percent" And, that doesn't include a economic rescue package that will likely be well over $700 billion.

read in full

Gates Opines on 2009 War Spending

Jan 7, 2009 by Craig Jennings

It's not official, but DefSec Gates has sent Congress an estimate of what he thinks the Pentagon will request to round out FY 2009 war funding. His "personal assessment" comes in at just under $70 billion, which is somewhat less than the $83 billion he mentioned in December.

read in full

Details of New House Rules Package

Jan 6, 2009 by Adam Hughes*

read in full

The Case for Tax Cuts in the Recovery Package

Jan 6, 2009 by Craig Jennings

In the post below, I expressed concern about emphasis on tax cuts in an economic recovery plan.

read in full

Economic Package Details Coming Into View

Jan 5, 2009 by Craig Jennings

Details are emerging on the What and How of the imminent economic stimulus recovery package.

read in full

Douglas Elmendorf Tapped as CBO Chief

Jan 5, 2009 by Craig Jennings

While we were glad to see Peter Orszag tapped to head OMB, we were equally sad to see the Congressional Budget Office (CBO) robbed of such an outstanding leader.

read in full

We Wish You a Merry Christmas and Happy Holidays

Dec 23, 2008 by Craig Jennings

The Budget Brigade would like to wish you all a great holiday season and a super New Year. We would also like to thank all of our readers for following our work supporting us in 2008. We will be on vacation until January, but will return in 2009 to continue keeping an eye on things.

read in full

Christmas Comes Early to Wall Street

Dec 22, 2008 by Adam Hughes*

We're on the verge of the holidays this Monday and the Associated Press reported yesterday that bank executives around the country received an early present this year, courtesy of Joe and Jane Taxpayer:

read in full

Your Lips Say "No," but Your Law Says "Probably"

Dec 19, 2008 by Craig Jennings

With the announcement of a TARP-sponsored bailout of GM and Chrysler, Treasury Secretary Henry Paulson said that the remaining $350 billion

read in full

Pages

Subscribe to The Fine Print: blog posts from Center for Effective Government
  • ©2025 Project On Government Oversight
  • All Rights Reserved.
  • This an archive site of the materials produced by the Center for Effective Government (formerly OMB Watch) and is maintained by the Project On Government Oversight.