2012 Federal Budget Outlook. NIHB January 24, 2012 Joan Huffer Center on Budget and Policy Priorities. Federal Debt Under Current Policies is Unsustainable. cbpp.org. Tax Cuts, Wars Account for Half of Public Debt by 2019.
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January 24, 2012
Center on Budget and Policy Priorities
Federal Debt Under Current Policies is Unsustainable
NOT FOR DISTRIBUTION
Source: “The Path to Prosperity” FY2012 Budget Resolution
Deficit Reduction Under the Budget Control Act low- and moderate-income people
Supercommittee Failure Triggers Sequestration low- and moderate-income people
Sequestration Means Deep Cuts Throughout Budget low- and moderate-income people
Sequestration will be on TOP of Discretionary Caps low- and moderate-income people
Core Low-Income Entitlement Programs Exempt from Sequestration
$1.2 trillion across-the-board spending cuts will not affect:
Short-term threats Sequestration
Fiscal Policies Collide at End of 2012 Sequestration
Principles for Sequestration