CBO has calculated the long-term budgetary impact of paths for federal revenues and spending specified by the Chairman of
the House Budget Committee, Congressman Paul Ryan. This report is not a cost estimate for legislation or an analysis of
the effects of any given policies.
CBO estimates that enactment of the President's proposals would:
1. ) Decrease the total deficits in 2013 to $977 billion (or 6.1 percent of GDP).
2. ) Increase total deficits between 2013 and 2022 by $6.4 trillion, or $3.5 trillion more than the cumulative deficit in CBO's baseline.
Under current law, an aging population and rapidly rising health care costs will sharply increase federal spending for health care programs and Social Security. If revenues remained at their historical average share of gross domestic product (GDP), such spending growth would cause federal debt to grow to unsustainable levels
The federal budget deficit was $320 billion in the first quarter of fiscal year 2012, CBO estimates, $49 billion less than the deficit recorded in the same period in fiscal year 2011.
But $26 billion of that difference resulted from shifts in the timing of certain payments because the regular payment dates fell on weekends or holidays; otherwise, the deficit would have declined by only $23 billion...
If automatic deficit-reduction procedures were triggered, appropriations for defense would be 16 percent lower by 2021 than they would be if they kept up with inflation; funding for nondefense activities would be 15 percent lower.
CBO's primary duty is to provide budget-related information to the Committees on the Budget of the House and Senate. CBO is also required to assist the House and Senate Committees on Appropriations, the House Committee on Ways and Means, the Senate Committee on Finance, other committees, and Members of Congress.
Updated Budget Projections: Fiscal Years 2012 to 2022
CBO's current estimate of the budget deficit for fiscal year 2012 $1.2 trillion is $93 billion larger than
the deficit projected in January. Conversely,
CBO's baseline projection of the cumulative deficit for the 10-year period from 2013 to 2022 is $186 billion smaller
than the amount projected in January a decrease ...
Trends in the Distribution of Household Income Between 1979 and 2007
The share of income going to higher-income households rose, while it fell for others. CBO has examined the trends in the distribution of income for all households between 1979 and 2007.
Delegates needed to win: 2778 Delegate to date 4022 Pledged: 3328 Superdelegates: 694
Gallup Poll Obama Job Approval: 49%
Campaign Donors Total receipts: $161,504,162 Cash on hand:$84,674,461 Debts: $30,058
Mitt Romney
Delegates needed to win: 1144 Delegate to date 925 Pledged: 876 Superdelegates: 49
Gallup Poll GOP Ballot Support: 42%
Campaign Donors Total receipts: $75,380,575 Cash on hand:$7,273,352 Debts: $0
Ron Paul
Delegates needed to win: 1144 Delegate to date 82 Pledged: 82 Superdelegates: 0
Gallup Poll GOP Ballot Support: 10%
Campaign Donors Total receipts: $34,853,768 Cash on hand:$1,367,486 Debts: $0
About US election delegates
The delegates to the Democratic and Republican parties' national conventions officially choose the nominees for the presidency.
The most populous states - California, Texas and New York - have many times more delegates than the smallest states.
A candidate only needs a simple majority (50% +1) of delegate votes to win the nomination.
The goal of all candidates is to win the support of as many delegates as possible, as early as possible in the primary season...(Read more )
U.S. Population Clock
According to the U.S. Census Bureau, the resident population of the United States, projected to 05/19/12
at 20:30 UTC
(EST+5) is
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total March exports of $186.8 billion and imports of $238.6 billion resulted in a goods and services deficit of $51.8 billion, up from $45.4 billion in February, revised. March exports were $5.3 billion more than February exports of $181.5 billion. March imports were $11.7 billion more than February imports of $226.9 billion. Full Text Thu, 10 May 2012 08:30:00 EDT
Personal income increased $50.3 billion, or 0.4 percent, and disposable personal income (DPI) increased $42.5 billion, or 0.4 percent, in March, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $29.6 billion, or 0.3 percent. In February, personal income increased $39.6 billion, or 0.3 percent, DPI increased $29.4 billion, or 0.2 percent, and PCE increased $93.7 billion, or 0.9 percent, based on revised estimates. Full Text Mon, 30 Apr 2012 08:30:00 EDT
National Center for Education Statistics
View the ELS:2002 Third Follow-up Field Test Methodology Report Interested to learn more about the planned data collection for the ELS:2002 Third Follow-up? View the Field Test Methodology Report for the field test, conducted summer through fall of 2011. Thu, 17 May 2012 00:00:00 EDT
New Report: Health Care Law Saves Money for Consumers A new study released today shows that the Affordable Care Act will help people in the individual health insurance market even more. In 2014, individual health insurance is likely to be more generous and more similar to employer-based coverage. And this means Americans will save money. The study compared how much people in the individual market would have saved in out-of-pocket spending alone, had the Affordable Care Act already been implemented. Thu, 17 May 2012 09:56:08 -0400
The current salary for all senators and members is $174,000. The salary for the speaker is $223,500 and the salary for the majority and minority leaders is $193,400.
Members of Congress are covered by the same retirement plans as other federal employees, the Civil Service Retirement System (CSRS) for those hired, or elected, before 1984, and the Federal Employees Retirement System (FERS) for those whose service began in 1984 or later. There are some differences in retirement age eligibility, years of service required, and contributions. Members elected after 1984 also participate in Social Security.
As of October 1, 2007, the average annual pension for former members under the CSRS plan was $63,696; for those under the FERS plan, $36,732.
The series of presidential primary elections and caucuses is one of the first steps in the process of electing the President of the
United States of America. The primary elections are run by state and local governments, while caucuses are private events run by
the political parties. A state primary election usually is an indirect election: instead of voters directly selecting a
particular person running for president, it determines how many delegates to each party's national
convention each candidate will receive from the state... (More)
