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Free Slides from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ Budget Basics (4): Why is it So Hard to Close the Budget Gap? Post prepared  June 30, 2010 Terms of Use:  These slides are made available under Creative Commons License  Attribution—Share Alike 3.0  . You are free to use these slides as a resource for your economics classes together with whatever textbook you are using. If you like the slides, you may also want to take a look at my textbook,  Introduction to Economics ,  from BVT Publishers.
Closing the Gap: Saying It vs. Doing It ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Post P100630 from Ed Dolan’s Econ Blog  http://dolanecon.blogspot.com/
How Big is the Budget Gap? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Post P100630 from Ed Dolan’s Econ Blog  http://dolanecon.blogspot.com/ The Congressional Budget Office has estimated the budget gap at 8 percent of GDP as of 2009, growing to 15 percent if no effort is made to close it before 2040
An Easy Promise: Cut Wasteful Programs ,[object Object],[object Object],Post P100630 from Ed Dolan’s Econ Blog  http://dolanecon.blogspot.com/ ,[object Object],[object Object],[object Object],[object Object],[object Object]
Nondefense discretionary spending ,[object Object],[object Object],[object Object],Post P100630 from Ed Dolan’s Econ Blog  http://dolanecon.blogspot.com/
Discretionary Expenditure by Agency ,[object Object],[object Object],Post P100630 from Ed Dolan’s Econ Blog  http://dolanecon.blogspot.com/
Entitlements and the Budget Gap ,[object Object],Post P100630 from Ed Dolan’s Econ Blog  http://dolanecon.blogspot.com/
Excess Cost Growth of Medicare and Medicaid ,[object Object],[object Object],Post P100630 from Ed Dolan’s Econ Blog  http://dolanecon.blogspot.com/
Cutting Health Care Costs: The Good News ,[object Object],[object Object],[object Object],Post P100630 from Ed Dolan’s Econ Blog  http://dolanecon.blogspot.com/ The complete  Commonwealth Fund report is available at http://www.commonwealthfund.org/Content/Publications/Fund-Reports/2007/May/Mirror--Mirror-on-the-Wall--An-International-Update-on-the-Comparative-Performance-of-American-Healt.aspx
Cutting Health Care Costs: The Bad News ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Post P100630 from Ed Dolan’s Econ Blog  http://dolanecon.blogspot.com/ Source: Pdclipart.org
Closing the Gap by Raising Tax Rates ,[object Object],[object Object],[object Object],[object Object],Post P100630 from Ed Dolan’s Econ Blog  http://dolanecon.blogspot.com/ The complete  Tax Policy Center study is available at http://www.taxpolicycenter.org/UploadedPDF/412018_seeking_revenue.pdf
Closing the Gap by Closing Loopholes and Preferences ,[object Object],[object Object],[object Object],Post P100630 from Ed Dolan’s Econ Blog  http://dolanecon.blogspot.com/ The complete  Tax Policy Center study is available at  http://www.taxpolicycenter.org/UploadedPDF/1001234_tax_expenditures.pdf
Closing the Gap With a Value Added Tax ,[object Object],[object Object],Post P100630 from Ed Dolan’s Econ Blog  http://dolanecon.blogspot.com/ The Tax Policy Center study on VAT is available at http://www.taxpolicycenter.org/UploadedPDF/412062_VAT.pdf
The Bottom Line ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Post P100630 from Ed Dolan’s Econ Blog  http://dolanecon.blogspot.com/ “ The choice facing policymakers is not whether to address rising deficits and debt but when and how to do so.”  —CBO

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Why is it so hard to close the budget gap

  • 1. Free Slides from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ Budget Basics (4): Why is it So Hard to Close the Budget Gap? Post prepared June 30, 2010 Terms of Use: These slides are made available under Creative Commons License Attribution—Share Alike 3.0 . You are free to use these slides as a resource for your economics classes together with whatever textbook you are using. If you like the slides, you may also want to take a look at my textbook, Introduction to Economics , from BVT Publishers.
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