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AN IMPOSSIBLE SITUATION

A LOOK AT THE U.S. BUDGET CRISIS

No viable solutions are in sight by either party.

CBO Outlook Report 2011-2021

CBO Budget Outlook Report 2011-2021 (PDF)


FISCAL YEAR 2011 DEBATE IN 2011


REPUBLICAN BUDGET PLAN FY 2011

For the first time in history, the 2009-2010 (Democratic) Congress
 failed to pass a single appropriations bill or even a federal budget.

This has allowed the new GOP-led House of Representatives to attempt
 to make huge cuts in federal spending for the current fiscal year.


US House of Representatives Committee on Appropriations 2011 Continuing Resolution
Committee on Appropriations Chairman Harold Rogers To Cut $100 Billion in the 2011
(Official press release)

The 2011 Continuing Resolution (pdf file)
(Detailed list of proposed cuts.)

Commentary

Off The Charts: Proposed House GOP Non-Security Discretionary Cuts: Deeper Than They Appear
Grist: House Republican Budget Cuts Would Strangle Innovation
Scientific American - US Science Agencies Targeted for Budget Cuts

Republican Remarks:
House Appropriations Committee Introduces CR: Contains Largest Spending Cuts in History

Commentary on Budget

Breakthrough Institute: Can Federal Investment Reduce the Budget Deficit?
Green Scissors - Environmental Budget Cuts
The Heritage Foundation - Responsible Budget Cuts

Robert Reich: The Obama Budget
Wired: Obama's 2012 Budget Brings Pains, Gains for Science
The Washington Post: In His New Budget, Obama Kicks the Can Down the Road One More Time

Washington Post's 2011 Spending Tables by Subcommittee
Politico - Budget 2012: Obama v.s House Republicans

Off The Charts: Proposed House GOP Non-Security Discretionary Cuts: Deeper Than They Appear
Grist: House Republican Budget Cuts Would Strangle Innovation
Scientific American - US Science Agencies Targeted for Budget Cuts
Grist: Budget Posturing is a Game, and The Left is Losing
Natural Resources Defense Counsel - Budget Cuts and Innovation
Learning First Alliance - Budget Cuts and Education
Center for Budget and Policy - Impact of Budget Cuts on Public Health
Defenders of Wildlife - Clean Air,Water, Environmental Protection on GOP Chopping Block
Campaign for America's Future - Conservative Budget Lunacy

Wealth Distribution & Tax Data:

Where Your Taxes Go: A Visual Guide
UC Santa Cruz - Wealth Distribution in America

Comparison of International Tax Rates
 


Congressional Budget Office: Baseline Budget Outlook (January 2011)
 

CBO Outlook Report 2011-2021

CBO Budget Outlook Report 2011-2021 (pdf file)

 

Fiscal Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Projected Deficit
(in billions)
1,480 1,100 704 533 551 659 617 610 696 739 763