Thursday , 29 June 2017


Fiscal Tightening in 2013 and Its Economic Consequences

 

Under current law, a sharp reduction in the federal budget deficit between 2012 and 2013 will cause the economy to contract but, the Congressional Budget Office projects, will also put federal debt on a path more likely to be sustainable over time. To illustrate the effects of fiscal tightening, CBO compared its projections under current law (the “baseline” projections) with projections under an alternative set of policies — two scenarios in a broad spectrum of choices – in the infographic below.

So says the introduction to the infographic* below from the Congressional Budget Office (www.cbo.gov) as presented to you by  Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) and www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds). This paragraph must be included in all re-posting to avoid copyright infringement.

Fiscal Tightening in 2013 and Its Economic Consequences

*http://www.cbo.gov/publication/43544

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