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CBO confirms debt deal would save at least $2.1 trillion - The Washington Post
Keywords:
The structure of the deal that is coming up for a vote in Congress on August 1st, a day before the August 2 deadline. A deal put together mainly by Senate minority leader Mitch McConnell and Vice President Biden after other deals failed. It gives the government $400 billion immediately and another $500 billion in the fall for raising the debt ceiling. Another 1.2 trillion will be added in 2012. The entire burden for raising it falls on Obama. Obama will be able to get the debt ceiling raised without another long struggle before 2012 elections. On spending cuts- agency spending will be cut by $900 billion over the next 10 years. A new legislative committe will be set up to come up with $1.2 trillion in additional savings by the end of 2012. The mechanism that would force the committe to act or make sure spending cuts were taken if the committee failed, was set up as one in which the trigger is to force automatic across the board cuts. The automatic across the board cuts would be for $1.2 trillion to agency budgets for the next 10 years, and split this half and half between domestic programs and defence. Programs aiding the poor including Medicaid and Social Security would be exempted, but Medicare payments to providers could be touched. No new taxes are part of this deal.
Mitch McConnell's strategy in his debt ceiling initiative in mid 2011
07/13/2011
McConnell's twin goals of regaining Republican control of the Senate and preventing the re-election of Obama. How the debt ceiling plan he has offered fits in with this. His fears that a default on the U.S. debt could hurt Republicans as it did the last time this happened, when Clinton was re-elected. His plan would separate raising the debt ceiling limit from deficit reduction talks.
Grouped Articles
Wall Street Journal 07/13/2011
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Bob Woodward: The inside story of how Obama and Boehner negotiate - The Washington Post
Washington Post 09/07/2013
Wall Street Journal 07/14/2011
The Republican Case for Compromise Over the Debt Ceiling
New York Times 07/13/2011
Democrats and political deals over U.S. budget cuts in entitlements and Social Security- 2011-2013
07/07/2011
The negotiations between the Obama White House and Republicans in July 2011 on raising the debt ceiling for the U.S. Skepticism among Democrats about the nature of the deal the Obama White House is about to reach with Republicans. The New York Times in an editorial suggests the use of a constitution provision to avoid deep cuts. Lawrence Tribe, a constitutional scholar points to the weakness in this approach in an op-ed piece in the New York Times on the same day, July 8, 2011.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
Wall Street Journal 10/10/2013
Why Democrats Are Dug in on Shutdown Impasse
Wall Street Journal 10/14/2013
Budget Discord Simmers Among Democrats
Wall Street Journal 10/21/2013
Entitlement Cuts Divide Democrats
Wall Street Journal 07/08/2011
How Tweaking Benefits Would Work
Wall Street Journal 07/08/2011
Raising the U.S. Debt Limit Ceiling in 2011
04/19/2011
Deficit reduction negotiations between the White House and the Republicans in July 2011.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
New York Times 10/20/2013
No Plan B if Debt Ceiling Not Raised
Wall Street Journal 05/18/2011
House rejects proposal to raise debt ceiling - The Washington Post
Washington Post 06/01/2011
New York Times 06/01/2011
The events in the 2011 U.S. deficit reduction and debt ceiling talks between the Obama White House and Republicans
07/13/2011
Grouped Articles
Wall Street Journal 07/13/2011
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Bob Woodward: The inside story of how Obama and Boehner negotiate - The Washington Post
Washington Post 09/07/2013
Why Democrats Are Dug in on Shutdown Impasse
Wall Street Journal 10/14/2013
Deficit discussions in the U.S. and revenue from taxes- 2011-2012
07/04/2011
Negotiations between the White House, Democrats and Republicans, to achieve major reductions and cuts in spending, and increase tax revenues by reducing tax expenditures. The discussions for an action plan on the U.S. budget deficit have reached an impasse with Republicans opposed to any tax increases.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Wall Street Journal 07/05/2011
New York Times 07/04/2011
New York Times 07/07/2011
U.S. Defense Spending in a world of Budget Deficits- post 2010.
07/09/2010
A shift in mood to a smaller defense budget that can be sustained in the long run. Smarter spending as the solution to budget constraints in a deficit world.
Grouped Articles
Shrinking Budget Forces Army Into New Battlefield
Wall Street Journal 05/10/2013
Defense Industry Shrugs Off Early Cuts
Wall Street Journal 05/12/2013
Pentagon Lays Out Ways to Slash Spending
Wall Street Journal 08/01/2013
U.S. Military Eyes Cut to Pay, Benefits
Wall Street Journal 11/18/2013
The U.S. Military Needs Budget Certainty in Uncertain Times
Wall Street Journal 10/21/2015
Pentagon's Next Mission: Cutting Back on Spending
Wall Street Journal 07/09/2010
The U.S. Congressional Budget Office (CBO) and estimates of the U.S. Budget Deficit
01/26/2011
Grouped Articles
CBO Sees Deficit Narrowing to $642 Billion
Wall Street Journal 05/14/2013
Four Deficit Myths and a Frightening Fact
Wall Street Journal 01/19/2012
CBO | The Budget and Economic Outlook: 2014 to 2024
Unknown 02/05/2014
Budget Deficit Returns to Prerecession Levels
Wall Street Journal 10/16/2014
U.S. Racks Up Smallest Deficit Since 2007
Wall Street Journal 01/14/2015
U.S. Annual Budget Deficit Smallest in Nearly Seven Years
Wall Street Journal 06/11/2015
The U.S. political system, politics and the U.S. Deficit in 2010-2013
12/30/2010
Republican positions that do not require offsets for tax reduction, and Democratic positions that go along with the status quo. The politics behind the debt ceiling talks as President Obama seeks re-election and advantage going into the election, and the conservative Republicans oppose any tax increases.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Bob Woodward: The inside story of how Obama and Boehner negotiate - The Washington Post
Washington Post 09/07/2013
Wall Street Journal 10/10/2013
Why Democrats Are Dug in on Shutdown Impasse
Wall Street Journal 10/14/2013
Post-ABC Poll on the Debt Ceiling and Deficit Reduction talks of June-July 2011
07/13/2011
The poll sees public discontent with the lack of compromise from Republicans and Democrats. About 63% of respondents say they would be looking for new faces in Congress. A majority of Republican respondents say they favor higher taxes on the wealthiest Americans.
Grouped Articles
Wall Street Journal 07/13/2011
Post-ABC poll: GOP too dug in on debt talks; public fears default consequences - The Washington Post
Washington Post 07/20/2011
Threat of Mutiny in Both Parties Helped Scuttle Talks
Wall Street Journal 07/23/2011
Working With New Script to Stop a Train Wreck
New York Times 07/24/2011
Q. and A. on the U.S. Debt Ceiling
New York Times 07/27/2011
New York Times 07/28/2011
Senate Democrats and the Obama White House proposals for large tax increases in the 2011 deficit reduction talks
07/13/2011
The politics of the debt ceiling talks and how it involves both Republicans and Democrats.
Grouped Articles
Wall Street Journal 07/13/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Budget Discord Simmers Among Democrats
Wall Street Journal 10/21/2013
Wall Street Journal 07/15/2011
Post-ABC poll: GOP too dug in on debt talks; public fears default consequences - The Washington Post
Washington Post 07/20/2011
Threat of Mutiny in Both Parties Helped Scuttle Talks
Wall Street Journal 07/23/2011
The Boehner and Reid plans for U.S. deficit reduction one week before the Aug 2, 2011, debt ceiling deadline
07/13/2011
The politics behind competing factions, moderate Republicans Boehner and McConnell, Cantor and freshman Republicans, Reid and Pelosi Democrats, and the Obama White House, as they wrestle with the deficit. The political calculations and perceptions of each faction for the 2012 presidential elections.
Grouped Articles
Wall Street Journal 07/13/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Bob Woodward: The inside story of how Obama and Boehner negotiate - The Washington Post
Washington Post 09/07/2013
Boehner Urges G.O.P. Unity in âEpic Battleâ
New York Times 10/04/2013
Why Democrats Are Dug in on Shutdown Impasse
Wall Street Journal 10/14/2013
Congress Passes Debt, Budget Deal
Wall Street Journal 10/17/2013
The "Gang of Six" U.S. deficit reduction plan in the U.S. Senate in mid 2011
07/20/2011
Grouped Articles
The Gang of Six: New hope in the debt crisis - The Washington Post
Washington Post 07/20/2011
Can the Gang of Six’s plan pass? - Ezra Klein - The Washington Post
Washington Post 07/20/2011
Gang of Six Plan Cuts Both Ways
Wall Street Journal 07/21/2011
Bloomberg View: Get Behind the Gang of Six; Obama's Right on CFPB
BusinessWeek 07/21/2011
CBO confirms debt deal would save at least $2.1 trillion - The Washington Post
Washington Post 08/01/2011
The supercommittee’s make-or-break question - The Washington Post
Washington Post 11/17/2011
The view that the burden of U.S. deficit reduction is falling on the elderly, the poor and the middle class
01/20/2010
Bernie Sanders and other leaders who see this as a problem with the plans for U.S. deficit reduction that are under discussion.
Grouped Articles
Low Interest Rates Are Squeezing Seniors
Wall Street Journal 03/30/2010
Americaâs Sinking Middle Class
New York Times 09/18/2013
State of the Union: Obama Seeks to Narrow Income Gap
Wall Street Journal 01/29/2014
Bernie Sanders’s Revolutionary Roots Were Nurtured in ’60s Vermont
New York Times 07/03/2015
Similarities Aside, Bernie Sanders Isn’t Rerunning Howard Dean’s 2004 Race
New York Times 08/09/2015
Livin’ Bernie Sanders’s Danish Dream
New York Times 02/12/2016
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