federal deficit

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Related to federal deficit: Statutory Debt Limit
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  • noun

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an excess of the federal government's spending over its revenue

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Indeed, the CBO projects that the federal deficit and debt as a percentage of GDP will begin rising again in the latter part of this decade, reflecting in large part the aging of the population and fast-rising health care costs," he said.
Without that offset, the DATA Act, despite its strong bipartisan support, might not pass the House because it would add to the federal deficit.
The plan is, as the so-called "supercommittee" comes up with ideas for helping trim the federal deficit down the road, the CBO analysis would let members know if each idea would help rebuild the economy or make matters worse.
The real crime of federal economic irresponsibility is that we ran federal deficits during the 30-year period prior to Obama's election.
Earlier in the debate, the candidates answered questions from the moderator on the war in Iraq, the federal deficit, education and Social Security.
We were a nasty breed and had no problem blaming Bill and Hillary Clinton for everything from the exploding federal deficit to male pattern baldness.
The revenue could be used for some combination of federal deficit reduction, reducing the marginal tax rate on lower-income workers, and intelligently chosen spending programs, for example, to reduce the security dangers from nuclear proliferation.
The cuts were contained in a budget reconciliation bill that aimed to trim the federal deficit by reducing funding for entitlement programs over the next five years.
As a senator, I worried every day about the size of the federal deficit.
As Congress and the administration try to reign in a growing federal deficit, states are increasingly being forced to cover the costs of federally mandated programs.
The Administration and Congress are engaged in heated discussions over the FY 2006 budget, with a major political objective of reducing the federal deficit while increasing tax cuts and continuing funding for the war in Iraq.
The privatization of Social Security would increase the federal deficit by trillions in the first 40 years of its operation.
According to the budgetary watchdog Citizens Against Government Waste, Congress this past year approved more than 10,600 "pork" items totaling nearly $23 billion--a 13 percent increase over the previous year--at a time when the federal deficit surpassed $422 billion and the national debt topped $7.
Federal retrenchment--the growing federal deficit will continue to impact resources available to the nonprofit sector at the federal, state and local level.
During the past four years, a late 1990s recession and tax cuts vaguely intended to attack it have transformed a large federal surplus into a huge federal deficit.
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