Budget, Debt, and Deficits

Primary Sources

Senate Budget Committee: Foundation for Growth: Restoring the Promise of American Opportunity, March 2013

Senator Patty Murray, Senate Budget Committee Chairman, presented this document, "Foundation for Growth: Restoring the Promise of American Opportunity," at the mark-up of the concurrent resolution on the budget for FY 2014, on March 13, 2013. See also the House Budget Committee budget for FY 2014, presented by Congressman Ryan.

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Primary Sources

Simpson-Bowles's Bipartisan Path Forward to Securing America's Future, February 2013

Authors: Erskine B. Bowles and Alan Simpson

Former co-chairs of the President's bipartisan National Commission on Fiscal Responsibility and Reform Erskine Bowles and Alan Simpson proposed a new deficit reduction plan on February 19, 2013, through their organization Moment of Truth. Their plan projects reductions by $2.4 trillion over the next decade, with cuts to Medicare, Medicaid, Social Security, and discretionary spending, and ending or curbing deductions and tax breaks.

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Primary Sources

CBO Report: The Budget and Economic Outlook, Fiscal Years 2013 to 2023

The Congressional Budget Office (CBO) released its yearly Budget and Economic Outlook report on "'baseline' budget projections spanning the next 10 years. Those projections are not a forecast of future events; rather, they are intended to provide a benchmark against which potential policy changes can be measured." The report covers 2013-2023.

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