The right way to balance the budget

posted by
December 30, 2010
National Center for Policy Analysis
by staff  
Posted in Commentary

"The federal debt is at its highest level since the aftermath of World War II -- and it's projected to rise further, says Andrew G. Biggs, resident scholar, Kevin Hassett, director of economic policy studies, and Matt Jensen, research assistant, at the American Enterprise Institute. Stabilizing debt levels would require an immediate and permanent 23 percent increase in all federal tax revenues or equivalent cuts in government expenditures, according to Congressional Budget Office forecasts." (12/30/10)  

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