Federal Budget
Federal Deficit Reduction: How It Works and Implications for Minnesota, August 2011
Congress and President Obama agreed to a deal that raises the debt ceiling and ensures over $2.1 trillion in federal deficit reduction through a multi-step process. A close look at the deal reveals a package that is unbalanced and unfair, and could have serious consequences for Minnesota.
Federal Fiscal Relief to Minnesota Can Help Combat Budget Deficit and Aid Ailing Economy, September 2008
Amid signs that the U.S. economy was faltering, Congress passed a $168 billion federal economic stimulus package in January 2008. Additional federal relief would help Minnesota address its budget shortfall and minimize service cuts to the state’s most vulnerable citizens. It would also help avoid counter-productive spending cuts that would add to the state’s economic troubles.
Pay-As-You-Go Rule: A Return to Fiscal Responsibility, September 2008
Congress's Pay-As-You-Go rule, or PAYGO, bars legislation that would increase the federal deficit. It requires new tax cuts or new entitlement spending to be offset by revenue increases or cuts in entitlement spending. The PAYGO rule is an important part of the solution to large, chronic federal deficits and the long-term damage they do to the economy.
More Federal Budget Analysis
- Federal Appropriations: Impact on Minnesota, September 2008
- President Bush's Proposed FY 2009 Budget Cuts Would Hurt Minnesotans, Increase Budget Deficit, March 2008
- A Better Start for Hungry Families: Summary of the House Farm Bill, August 2007
- Line-Item Veto Proposal Would Give President Bush Authority to Cut Programs, August 2006
- Impact of President Bush's Proposed 2007 Budget on Minnesota, March 2006
- The 2006 Budget Conference Agreement’s Impact on Minnesota, Updated January 2006
- 2006 Congressional Budget Resolution Increases Deficit, Cuts Services and Cuts Taxes, April 2005
- President Bush's 2006 Budget Proposal Would Harm Minnesota, March 2005
- 2005 Federal Budget Decisions Would Have Serious Consequences for Minnesotans, February 2005
- How Did Minnesota Use Its 2003 Federal Fiscal Relief? February 2004
