All of the major federal agencies that it relies on for research grants — including the National Science Foundation, the Department of Defense, NASA, and the National Oceanographic and Atmospheric Administration — are feeling the squeeze of shrinking spending in an effort to control
the ballooning federal budget deficit.
According to Congressional
Budget Office estimates, enacting the bill would shrink the federal budget deficit by $ 175 billion by 2020, lift GDP by 5.4 % over the next 20 years, increase national productivity, balloon the workforce by about 5 % by 2033, raise the return on capital, and (although the CBO didn't put it this way) create a $ 46 billion windfall for entrepreneurs supplying security operations along the U.S. southern b
Budget Office estimates, enacting the bill would shrink the
federal budget deficit by $ 175 billion by 2020, lift GDP by 5.4 % over the next 20 years, increase national productivity, balloon the workforce by about 5 % by 2033, raise the return on capital, and (although the CBO didn't put it this way) create a $ 46 billion windfall for entrepreneurs supplying security operations along the U.S. southern b
budget deficit by $ 175 billion by 2020, lift GDP by 5.4 % over the next 20 years, increase national productivity,
balloon the workforce by about 5 % by 2033, raise the return on capital, and (although the CBO didn't put it this way) create a $ 46 billion windfall for entrepreneurs supplying security operations along the U.S. southern border.
Republicans in the U.S. House of Representatives forged ahead on Tuesday with legislation to reshape the
federal tax code, while a top credit - ratings agency said the bill would
balloon the
budget deficit and give only a temporary boost to the economy.
In a commentary in The Wall Street Journal this week, former vice president of the
Federal Reserve Alan Blinder writes that Trump's tax cut plans — the largest of all the presidential candidates — would cost the nation $ 9.5 trillion over the next decade, which in turn would make the
budget deficit balloon to ruinous effect.