Economic Crisis Federal Budgets and Public Policy March 28, 2009.

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Presentation transcript:

Economic Crisis Federal Budgets and Public Policy March 28, 2009

Economy Today

President’s Budget Deficit ,752 1,

CBO Update CBO’s baseline projections of the deficit have risen by more than $400 billion in both 2009 and 2010 and by smaller amounts thereafter.

Deficit Estimates

Deficit Financing

Discussion Why Congressional Republicans are raising an alarm about the projected increase in deficits? Why many economists believe deficits are necessary in the short run? How do deficits affect the economic performance in the long run?