CRFB Webinar - Where Do We Stand on the National Debt - june 29 2020CRFBGraphics
On June 29th, Committee for a Responsible Federal Budget Policy Director Marc Goldwein gave a webinar detailing where the national debt and deficit stand in the post-COVID environment, featuring CRFB's updated 10-year budget projections. This slide deck accompanied that webinar.
CRFB webinar - Where Does the Next Phase of COVID Relief Stand - July 31, 2020CRFBGraphics
Lawmakers on Capitol Hill have been negotiating over a new package of economic and public health support to combat COVID-19. Congress has already enacted $3.7 trillion of spending, tax cuts and deferrals, loans, and other fiscal aid, but some of this support is now expiring, particularly expanded unemployment benefits.
On July 31st, Committee for a Responsible Federal Budget senior vice president Marc Goldwein presented a webinar titled "Where Does the Next Phase of COVID Relief Stand?" This slide deck was made to accompany that webinar.
Following Presentation deals with brief outline over what is known as "Global Recession". It has novice friendly language and attention seeking approach.
CRFB Webinar - Where Do We Stand on the National Debt - june 29 2020CRFBGraphics
On June 29th, Committee for a Responsible Federal Budget Policy Director Marc Goldwein gave a webinar detailing where the national debt and deficit stand in the post-COVID environment, featuring CRFB's updated 10-year budget projections. This slide deck accompanied that webinar.
CRFB webinar - Where Does the Next Phase of COVID Relief Stand - July 31, 2020CRFBGraphics
Lawmakers on Capitol Hill have been negotiating over a new package of economic and public health support to combat COVID-19. Congress has already enacted $3.7 trillion of spending, tax cuts and deferrals, loans, and other fiscal aid, but some of this support is now expiring, particularly expanded unemployment benefits.
On July 31st, Committee for a Responsible Federal Budget senior vice president Marc Goldwein presented a webinar titled "Where Does the Next Phase of COVID Relief Stand?" This slide deck was made to accompany that webinar.
Following Presentation deals with brief outline over what is known as "Global Recession". It has novice friendly language and attention seeking approach.
Interest payments on the national debt will be the fastest growing part of the federal budget. Learn more about the relationship between interest rates and debt.
Alaska's Fiscal Situation: Where We've Been, Where We're Headed (10.26.2019)Brad Keithley
A presentation to UAA Prof. Willie Hensley's "Alaska Policy Frontiers" seminar on October 26, 2019, on Alaska's current fiscal situation, how we got here, where we are and the options for where we go from here.
Interest payments on the national debt will be the fastest growing part of the federal budget. Learn more about the relationship between interest rates and debt.
Alaska's Fiscal Situation: Where We've Been, Where We're Headed (10.26.2019)Brad Keithley
A presentation to UAA Prof. Willie Hensley's "Alaska Policy Frontiers" seminar on October 26, 2019, on Alaska's current fiscal situation, how we got here, where we are and the options for where we go from here.
The Case for AAA Underlying Municipal BondsIan Welch
4
Intent
• Create AAA Underlying Portfolio
• Create Default Resistant Portfolio
• Take advantage of sell side pressure
• Take advantage of negative perception of municipal bond market to amass AAA bonds
Niall Ferguson, noted economic historian, author, and Harvard Professor outlined the next steps in the current “Great Depression to a packed Canada 2020 Speakers Series crowd on Monday 23 February. For more, see www.canada2020.ca.
"The Economy under President Obama" tells the story of the 2009-2016 period using a series of economic and budgetary charts. Definitive non-partisan sources such as the Federal Reserve Economic Database (FRED) and Congressional Budget Office (CBO) are used, along with major media sources.
The presentation covers the Great Recession and response, fiscal policies, trends in major economic variables, income inequality and the ACA/Obamacare. Key questions covered include: 1) What did President Obama and Congress do to help or hinder the recovery? 2) What were the important decisions President Obama had to make? 3) How much of the national debt addition was due to the President's policies? 4) What were the trends in the key economic and budget variables? 5) What economic and budgetary legacy did he pass along?
COVID costs of $5.2 trillion are colossal, exceeding the costs of World War II. Watch our 3/23/21 live broadcast at https://www.youtube.com/watch?v=A2Wy3YFr_VQ
Similar to -Future Of US Budget-Expected Future (20)
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Instructions for Submissions thorugh G- Classroom.pptx
-Future Of US Budget-Expected Future
1. federal budget 101 Expected Future: Security Implosion Fiscal + Military + Economic
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6. Source: http://www.cbpp.org/9-12-08bud.htm For the 2002-2011 period tax cuts and increases in security programs account for more than four-fifths of the fiscal deterioration caused by policy actions. Federal Budget One Trillion Dollar Deterioration $ 7.2 Trillion (-) $ 1.0 Trillion (-) Deterioration solely from tax cuts and budget increases in security-related programs $9.4 Trillion $1,256 Billion ($1.3 T.) Total deterioration $3.8 Trillion deficit (-) $546 Billion deficit (-) Sept. 2008 estimate $5.6 Trillion surplus $710 Billion surplus Jan. 2001 projection Cumulative: 2002-11 2009 The Trillion-Dollar Deterioration in the Budget (Based on CBO’s Jan 01 & Sept 08 Budget Projections)
7. Federal Budget annual plan for spending tax revenue ↑↑↑ Spending Increases in military and other security programs account for another 40 % of the $ 1 Trillion deterioration. ↓↓↓ Tax Revenue Deterioration was NOT due to performance of the economy-- tax cuts accounting for 42 % of the $ 1 Trillion deterioration Source: http://www.cbpp.org/9-12-08bud.htm
8. What would One Trillion Dollars buy? This amount would allow us to repair all of our nations 77,000 deteriorated BRIDGES and still have $519 billion to spend. If you spent $750,000 twice each day for 200 years, you’d be halfway to $1,000,000,000,000. ? $700 billion > currently allocated for the U.S. war in Iraq. This amount would allow us to rebuild all of our nations 33,000 deteriorating SCHOOLS and still have $664 billion to spend.
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10. Debt Financing quick fix for budget shortfalls Source: http://www.treas.gov/tic/mfh.txt Foreign 26% Federal 52%
11. Debt Financing $652.9 b $585.5 b TOTAL (Oct 08) $ 3042.7 b.
12. Debt Financing America's Overseas Creditors Major foreign holders of U.S. Treasury securities. SOURCE: U.S. Treasury | The Washington Post - January 3, 2009
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14. Less Tax Revenue Source: http://www.cbpp.org/pubs/fedbud.htm
15. More Expenditures Source: http://www.gao.gov/financial/fy2007/guide.pdf
16. More Interest on Debt Interest Obligation $# % Change $ 12 b. +119 $ 42 b. +250 $169 b. +302 $229 b. +125 $260 b +014 Decade 1959-69 1969-79 1979-89 1989-99 1999-09
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18. How much is too much? What does it all MEAN ? Less tax revenue More Spending More Debt More Interest due More Retirees obligations Persistent deficits
19. federal budget 101 Expected Future: Security Implosion Thank U for Listening! Kay E. Strong, PhD 10 Dec 08 Fiscal IN -Security Economic NON -Growth Military UN -Sustainability
Editor's Notes
Total Consumer Debt : $2.6 trillion [Average per every man, woman & child $8500]
Source: David Walker, Comptroller General, GAO-08-604CG (May 08) Major Fiscal Exposures (in trillions) The passage and signing of [Part D: Prescription Drug Benefits] bill increased the implicit exposure of the Federal government by $8.4 trillion, in present value terms (exceeding the liability associated with future Social Security benefits of $6.8 trillion). Source: General Accountability Office. [ Feb. 15, 2008] “ If the President would bother to read his mail, he'd find a letter dated December 17, 2007, from the Government Accountability Office (GAO), that states the following: "Considering (the) projected gap in social insurance, in addition to reported liabilities and other implicit commitments and contingencies that the federal government has pledged to support , the federal government's fiscal exposure totaled approximately $53 trillion..." "This translates into a current burden of about $175,000 per American or approximately $455,000 per American household ." In other words, this is what we owe to future generations .” [Source : http://www.cqpolitics.com/wmspage.cfm?parm1=2&docID=news-000002672472] Explicit : clearly stated/precisely known, defined~National Debt burden Implicit : not clearly stated/precisely known, but expected~obligations forward into the future
Cost per U.S. Household : Source: “Taxpayers on the hook for $59 trillion” USA Today 5/29/2007 Medicare $255,280 Social Security $144,251 Military benefits $25,863 Federal civil- servant benefits $14,374 Other federal obligations $2,548 State and local debt $17,537 State and local retiree benefits $13,114
Surplus or Deficit Reported on Budget in Economic Report of the President February 2008 <http://www.gpoaccess.gov/eop/tables08.html> 2000 $236.2 in billions 2001 $128.2 2002 $-157.8 2003 $-377.6 2004 $-412.7 2005 $-318.3 2006 $-248.2 2007 $-162.0 2008 $-410.0 (est. in 2007) 2009 $-407.4 (est. in 2007) Social Security (in billions) Tax Receipts Disbursements Difference 2000 652.9 409.4 243.5 2001 694.0 433.0 261.0 2002 700.8 456.0 244.8 2003 713.0 474.7 238.3 2004 733.4 495.5 237.9 2005 794.1 523.3 270.8 2006 837.8 548.5 289.3 2007 869.6 586.2 283.4 2008 910.1 615.3 294.8 2009 949.4 649.3 300.1
Total National Debt $ * % = $ # Gross Federal Debt Held by Public (outside Federal Reserve +Federal Intra-governmental Accounts~ Trust Funds) 2000 $5,628.7 3,409.8 (in billions) 2001 $5,769.9 3,319.6 2002 $6,198.4 3,540.4 2003 $6,760.0 3,913.4 2004 $7,354.7 4,295.5 2005 $7,905.3 4,592.2 2006 $8,451.4 4,829.0 2007 $8,950.7 5,035.1 2008 $9,654.4 5,428.6 2009 $10,413.4 5,856.2 TRUST FUND Report <http://www.ssa.gov/OACT/TRSUM/trsummary.html> Assets end 2007 SS $2,023.6 (interest earned $97 billion) DI $214.9 (interest earned $31.2 billion) HI $42.9 (interest earned $16.5 billion) SMI (interest earned $2.2 billion) –NOT a trust fund
Source: <http://www.ustreas.gov/tic/mfh.txt> updated Oct 08 MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES (in billions of dollars) HOLDINGS 1*/ AT END OF PERIOD Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Sep Country 2008 2008 2008 2008 2008 2008 2008 2008 2008 2007 2007 2007 2007 ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ China, Mainland: 585.0 541.4 518.7 503.8 506.8 502.0 490.6 486.9 492.6 477.6 458.9 459.1 467.7 Japan: 573.2 586.0 593.4 583.8 578.7 592.2 600.7 586.6 586.9 581.2 590.9 601.7 591.9 United Kingdom: 338.4 308.1 291.5 280.4 272.5 247.8 201.1 181.1 161.9 158.2 174.3 155.0 120.3 Carib Bnkng Ctrs: 185.3 148.9 133.7 122.4 104.7 115.4 107.1 103.0 108.1 116.7 107.4 105.6 99.1 Oil Exporters: 182.2 180.6 173.9 170.4 164.3 153.9 150.8 146.1 140.9 137.9 138.7 141.6 137.1 Brazil: 141.9 146.2 148.4 151.6 151.4 149.5 149.1 146.6 141.7 129.9 121.7 113.9 110.5 Totals, Of which : Foreign Official 1821.7 1785.5 1767.6 1751.7 1743.9 1743.4 1706.6 1681.6 1688.0 1641.1 1619.1 1613.8 1607.7 Treasury Bills 276.8 245.6 232.5 226.6 220.0 215.7 201.3 204.3 207.1 196.3 185.3 180.4 178.3 T-Bonds & Notes 1544.9 1540.0 1535.1 1525.0 1523.9 1527.6 1505.3 1477.3 1480.9 1444.8 1433.8 1433.4 1429.4 Footnote : 1*/ Estimated foreign holdings of U.S. Treasury marketable and non-marketable bills, bonds, and notes reported under the Treasury International Capital (TIC) reporting system are based on annual Surveys of Foreign Holdings of U.S. Securities and on monthly data. People’s Bank of China: <http://www.pbc.gov.cn/english/diaochatongji/> CIA Factbook: <https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html#Econ>
Source: <http://www.ustreas.gov/tic/mfh.txt> updated SEP 08 MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES (in billions of dollars) HOLDINGS 1*/ AT END OF PERIOD Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Sep Country 2008 2008 2008 2008 2008 2008 2008 2008 2008 2007 2007 2007 2007 ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ China, Mainland: 585.0 541.4 518.7 503.8 506.8 502.0 490.6 486.9 492.6 477.6 458.9 459.1 467.7 Japan: 573.2 586.0 593.4 583.8 578.7 592.2 600.7 586.6 586.9 581.2 590.9 601.7 591.9 United Kingdom: 338.4 308.1 291.5 280.4 272.5 247.8 201.1 181.1 161.9 158.2 174.3 155.0 120.3 Carib Bnkng Ctrs: 185.3 148.9 133.7 122.4 104.7 115.4 107.1 103.0 108.1 116.7 107.4 105.6 99.1 Oil Exporters: 182.2 180.6 173.9 170.4 164.3 153.9 150.8 146.1 140.9 137.9 138.7 141.6 137.1 Brazil: 141.9 146.2 148.4 151.6 151.4 149.5 149.1 146.6 141.7 129.9 121.7 113.9 110.5 Totals, Of which : Foreign Official 1821.7 1785.5 1767.6 1751.7 1743.9 1743.4 1706.6 1681.6 1688.0 1641.1 1619.1 1613.8 1607.7 Treasury Bills 276.8 245.6 232.5 226.6 220.0 215.7 201.3 204.3 207.1 196.3 185.3 180.4 178.3 T-Bonds & Notes 1544.9 1540.0 1535.1 1525.0 1523.9 1527.6 1505.3 1477.3 1480.9 1444.8 1433.8 1433.4 1429.4 Footnote : 1*/ Estimated foreign holdings of U.S. Treasury marketable and non-marketable bills, bonds, and notes reported under the Treasury International Capital (TIC) reporting system are based on annual Surveys of Foreign Holdings of U.S. Securities and on monthly data. People’s Bank of China: <http://www.pbc.gov.cn/english/diaochatongji/> CIA Factbook: <https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html#Econ>
ASSUMES TAX CUTS are EXTENDED! In June 2001 President Bush signed into law the Economic Growth and Tax Reform Reconciliation Act of 2001 (EGTRRA) involving a $1.35 trillion tax cut over ten years. In March 2002 President Bush signed into law the Job Creation and Workers Assistance Act of 2002 (JCWA) reducing taxes for depreciation and capital gains. In May 2003 President Bush signed into law The Jobs and Growth Tax Relief and Reconciliation Act of 2003 (JGTRRA) which included a $350 billion tax cut. In February of 2008 the US Congress approved a $168 billion economic stimulus plan involving tax rebates. Nearly all of the tax cuts enacted since 2001 expire at the end of 2010. In October 2008 the US Congress approved the $ 700 billion Troubled Asset Relief Programme (TARP) and the Federal Deposit Insurance Corporation. Dating for last downturn: March-Nov 2001 [ Source : http://wwwdev.nber.org/cycles/cyclesmain.html ] Between 2004 and 2007, the budget deficit narrowed from $413 billion to $162 billion in large part thanks to rapid growth in tax revenue. This was caused not just by rising incomes, but also by a shift in the distribution of incomes to the wealthy, who pay the highest tax rates. Much of that wealth came from the credit boom which drove up financial profits, salaries and bonuses as well as property and stock values and related capital gains. [ Source : http://www.economist.com/world/unitedstates/PrinterFriendly.cfm?story_id=12484798]
% Change is with respect to previous 10 year period