Reducing the Deficit: Spending and Revenue OptionsCongress of the U.S., Congressional Budget Office, 1996 - 496 pages |
From inside the book
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... as well as the Environmental Protection Agency and the National Aeronautics and Space Administration . Many of the programs and activities funded under the domestic discretionary category are also prominent and , in many cases , popular ...
... as well as the Environmental Protection Agency and the National Aeronautics and Space Administration . Many of the programs and activities funded under the domestic discretionary category are also prominent and , in many cases , popular ...
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Common terms and phrases
1996 Funding Level 1996 level adjusted 2002 Six-Year Cumulative 2002 Total Budget activities addition adjusted for inflation Administration Administration's Air Force aircraft Annual Savings Millions areas argue Army beneficiaries benefits Budget Authority Outlays Cold War Congress Congressional Budget Office costs defense deficit deploy discretionary spending eligible eliminating employees energy estimates federal government fees Funding Level Adjusted Funding Level Budget grams helicopters housing income increase Inflation Budget Authority Level Budget Authority limit loans Medicaid Medicare ment military million in 1997 Millions of dollars missile Navy nuclear operating Operation Desert Storm payments percent period personnel premiums produce programs projects proposed rates reduce the number require retirement revenues Seawolf ships Six-Year Cumulative 1997 Six-Year Cumulative 2000 Six-Year Cumulative Total Social Security START II submarines subsidies Superfund technologies THAAD tion Total Budget Authority Tricare United
Popular passages
Page 101 - R&D spending to close to its historical level of about one-fourth of procurement spending. A few of the options would slow the development programs for new weapons. One (DEF-22) would reduce spending for dual-use technology programs. Roles and Missions The Commission on Roles and Missions of the Armed Forces was established by the Congress to review all aspects of the organization of the Department of Defense for possible efficiencies and improvements. It looked at such matters as the duplication...
Page 269 - Authority, a corporation clothed with the power of government but possessed of the flexibility and initiative of a private enterprise. It should be charged with the broadest duty of planning for the proper use, conservation, and development of the natural resources of the Tennessee River drainage basin and its adjoining territory for the general social and economic welfare of the Nation.
Page 223 - ... coal-producing regions in particular. DOM-08 ELIMINATE ENERGY CONSERVATION GRANT PROGRAMS Budget Authority Outlays Budget Authority Outlays From the 1996 Funding Level 138 34 138 110 138 131 138 138 138 138 From the 1996 Funding Level Adjusted for Inflation 142 35 146 115 150 139 155 150 159 155 138 138 164 159 828 689 916 753 This proposal would halt new appropriations for three block grant programs that support energy conservation activities by the states. In 1996, the biggest of those appropriations...
Page 491 - A measure of additions to the capital stock that does not subtract depreciation of existing capital. gross national product (GNP): The total market value of all goods and services produced in a given...
Page 99 - Land-Based ICBMs Strategic Bombers Submarine-Launched Ballistic Missiles Strategic Forces 1,000 244 584 787 168 408 550 107 360 Conventional Forces 500 126 432 500 154 336 SOURCE: Congressional Budget Office using data from Office of the Secretary of Defense, Annual Report to the President and the Congress (March 1996). NOTE: ICBMs = intercontinental ballistic missiles. a. The Bottom-Up Review did not provide goals for all types of forces. Estimates of strategic forces are based on the Nuclear Posture...
Page iii - The policy options included in this report come from many sources, and most have been considered by the Congress at some time. In accordance with CBO's mandate to provide objective and impartial analysis, the discussion of each option presents the cases for and against it as fairly as possible. CBO does not endorse the options included, nor does exclusion of any proposal imply a recommendation. All divisions of the Congressional Budget Office contribute to this report.
Page 22 - Suspend Indexing for 1997 (Except for the earned income tax credit) 6.6 9.5 10.9 11.6 10.4 11.6 60.6 Repeal Indexing (Except for the earned income tax credit) 6.6 16.4 28.2 41.3 53.9 68.2 214.6 SOURCE: Joint Committee on Taxation. To offset the effects of inflation, current law each year indexes the standard deduction, the personal exemption, the minimum and maximum dollar amounts for each tax rate bracket, the thresholds for the phaseout of personal exemptions, the limit on itemized deductions,...
Page 11 - without discretionary inflation" assume that discretionary spending remains frozen in dollar terms at the level of the 1998 caps. na = not applicable a These changes represent only one of a large number of possible paths that would lead to a balanced budget The exact path depends on when deficit reduction begins and the specific policies adopted by the Congress and the President The path illustrated in this table is not based on any specific policy assumptions but does assume that policies are fully...
Page 204 - ... participation by others. It is in this sense of initiative and not in the pursuit of narrow national advantage that we recommend a leading role for the US in SETI. Initiating the SETI Effort To carry on a significant United States SETI effort, public funds must be committed explicitly, with the approval of both the legislative and executive branches of the Federal Government. The evolution of an appropriate federal program lies with Congress and the President, but can only follow much preparatory...
Page 486 - ... negative budget authority. budget deficit: Amount by which budget outlays exceed budget revenues during a given period. Budget Enforcement Act of 1990 (BEA): Title XIII of the Omnibus Budget Reconciliation Act of 1990. This act amended both the Congressional Budget Act of 1974 and the Balanced Budget and Emergency Deficit Control Act of 1985. The BEA provided for new budget targets, sequestration procedures, pay-as-you-go procedures, credit reform, and various other changes. The discretionary...