Fiscal Facts: CBO Analysis of the President's Budgetary Proposals for Fiscal Year 2012

Fiscal Facts: CBO Analysis of the President's Budgetary Proposals for Fiscal Year 2012

On April 15, 2011, the Congressional Budget Office (CBO) released its full analysis of the president's budget proposal for fiscal year (FY) 2012, which was published in February (see Pew's fiscal fact sheet on the president's budget). CBO estimates the impact of the president's policy proposals on federal spending, revenue, deficit and debt, as well as the economic effects of their implementation.

According to CBO, enacting all of the proposals contained in the president's budget would result in cumulative deficits of $9.5 trillion between FYs 2012 and 2021. Federal publicly-held debt would rise to 87 percent of Gross Domestic Product (GDP) by FY 2021.

America’s Overdose Crisis
America’s Overdose Crisis

America’s Overdose Crisis

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America’s Overdose Crisis

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Learn the Basics of Broadband from Our Limited Series

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How does broadband internet reach our homes, phones, and tablets? What kind of infrastructure connects us all together? What are the major barriers to broadband access for American communities?

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What Is Antibiotic Resistance—and How Can We Fight It?

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Antibiotic-resistant bacteria, also known as “superbugs,” are a major threat to modern medicine. But how does resistance work, and what can we do to slow the spread? Read personal stories, expert accounts, and more for the answers to those questions in our four-week email series: Slowing Superbugs.