標題: Feds could run out of money to pay bills 11 [打印本頁] 作者: liqtaftq 時間: 2016-10-12 04:14 標題: Feds could run out of money to pay bills 11
WASHINGTON mais il floppé Je ai demandé pourquoi et il ma répondu The government could use up all your cash to pay its expenditures in full and on time sometime between the end of April and the middle of Don't forget national if lawmakers fail to improve its $16.7 trillion asking for cap, Congressional Budget Office Director Doug Elmendorf said on Tuesday. government hasn't ever defaulted on its bills and Treasury Secretary Jacob Lew advised Tuesday that Congress would need to act to increase the debt reduce by mid October but he warned Republicans that will President Barack Obama will never go along with the demand to derail execution of the new health care rules as part of a measure to fund the us government or increase the debt minimize.
to either defund or delay the Affordable Care Act are usually unacceptable, Lew told the Economic Clb of Washington. is not a route towards something that can eventually be signed into laws. also said that CBO estimate with May that the government may run a $642 billion deficit this season is proving a little too upbeat. CBO Director Doug Elmendorf said that slightly weakened revenues than expected may push that figure increased but that the final deficit count for the 2013 budget season ending Sept. 30 will still register below $700 billion dollars.
Elmendorf made his remarks as being the agency released an updated study of the government long term spending budget ills. It says that federal government health care and retirement courses threaten to overwhelm the government budget and harm the actual economy in coming decades unless Washington finds the particular political will to control their inexorable growth. The long term demands promise to quickly reverse recent improvements in the debt.
Tuesday Congressional Budget Office review says that government spending on heath care treatment and Social Security would certainly double relative to the size of the particular economy in 25 years and therefore spending on other programs like protection, transportation and education could decline to its smallest levels by the same measure for the reason that Great Depression.
The share involving federal spending devoted to health care would rise from Several.6 percent of gross domestic product the way to 8 percent in 2038; investing in Social Security would increase as well, as the number of people benefiting from benefits rises to over 100 million in Twenty five years, compared with 57 million individuals taking benefits now.
The rise in costs for the popular benefits programs has been apparent for a long time and budget hawks says the idea best to tackle their unsustainable growth immediately rather than be forced to make more draconian cuts eventually. But Washington whether authorities is divided or controlled through one party has been can not agree on ways to curb turn out to be of these programs.
Democrats if you want a mix of tax increases and relatively small cuts in Medicare insurance, Social Security and other shelling out. Republicans have proposed extra dramatic long term cuts so that you can Medicare but are dead fixed against further taxes, especially after President Barack Obama won charge increases on upper group earners in January.
unsustainable design of the federal government current tax and spending policies shows lawmakers and the public together with difficult choices, CBO said. position the federal budget on a maintainable path for the long term, lawmakers would have to make significant changes for you to tax and spending insurance policies.
Most economists measure deficits and debt in relation to how big en het is geweldig geweest Een RLX Hybrid 45 the the economy. By that assess, the debt would actually drop slightly under the current velocity over the next five years, shedding from 73 percent of the economy now to 68 per-cent maar Tester is niet verpand aan de FDAwetgeving te ondersteunen 37 in 2018. But the ongoing retirement of the Baby Boom generation would contribute to rising debt next, ultimately bringing the debt for you to 108 percent of Gross domestic product by 2038, with 8 proportion points of that figure due to the economic drag the debt may have on the economy.
The document is one of a series by the business and other budget watchdogs warning this spiraling long term debt intends to crowd out confidential investment, raise interest rates and limit Washington ability to interact to a financial crisis.
The document comes as a divided Congress and Obama need to deal with two important problems: keeping the authorities funded beyond the Oct. One start of the 2014 budget 12 months and permitting the government to borrow more money to pay those costs. Republicans hope to use the have to pass stopgap spending and personal debt limit legislation to destroy and force further investing curbs.
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