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Did the Appropriations Bill Provide a Sufficient Increase in Low-Income Energy Assistance to Cover Spiraling Home Heating Costs?
Revised November 23, 2004
Because of large increases in home heating costs in recent months, the funding level that Congress provided for the Low-Income Home Energy Assistance Program (LIHEAP) [1] in the recently enacted omnibus appropriations bill for fiscal year 2005 is not sufficient to cover the expected large increases in home heating costs. Many … -
Official Treasury Report Shows Fourth Year Of Deficit Growth, Despite Economic Recovery
Revised October 14, 2004
Fiscal Year 2004 ended on September 30, and today the Treasury Department reported that the deficit for 2004 was $413 billion, or 3.6 percent of Gross Domestic Product.[1] At 3.6 percent of GDP, the 2004 deficit marks the fourth consecutive year of fiscal deterioration, the first time this has happened since the U.S. … -
Deficit Picture Grimmer Than CBO's March Projections Suggest
June 4, 2004
In March, the Congressional Budget Office issued new budget projections that show the federal government running a large cumulative deficit over the next ten years.[1] As CBO acknowledges, however, its baseline projection is unrealistically optimistic, since it does not include the costs of continuing various policies, … -
Press Release: Excerpts From Joint Statement In Support Of Restoring Pay-As-You-Go
April 20, 2004
Issued Jointly With Growing concerns that large chronic budget deficits once again threaten our economic future have led Members of Congress to consider whether to reinstate the pay-as-you-go rule (PAYGO) and, if so, whether to include an exemption for tax cuts. Our organizations strongly believe that PAYGO should be renewed in its … -
Methodology: The Current Course: Deficits As Far As the Eye Can See
April 20, 2004
Issued Jointly With Last month, the Congressional Budget Office (CBO) issued new budget projections that show the federal government running a large cumulative deficit over the next ten years. As CBO acknowledges, however, its baseline projection is unrealistically optimistic, since it does not include the cost of continuing current … -
Joint Statement In Support Of Restoring Pay-As-You-Go Budget Enforcement For Tax Cuts And Entitlements
April 20, 2004
Issued Jointly With Growing concerns that large chronic budget deficits once again threaten our economic future have led Members of Congress to consider whether to reinstate the pay-as-you-go rule (PAYGO) and, if so, whether to include an exemption for tax cuts. Our organizations strongly believe that PAYGO should be renewed in its …
