CBO's baseline and estimate of the President's budget -- The economic outlook -- CBO's economic projections for 2009 to 2019 -- Contributors to the revenue and spending projections -- Tables -- Figures.
Update of one of a series of reports on the state of the budget and the economy that is issued each year; the report makes no recommendations. Contents: (1) The Budget Outlook; (2) The Economic Outlook; (3) Changes in Baseline Since March 2009; (4) The Government¿s Actions in Support of the Housing and Financial Markets. Tables and graphs.
One hundred years ago a great Canadian, Sir Wilfrid Laurier, predicted that the twentieth century would belong to Canada. He had a plan to make it so. What happened? Canada lost sight of Laurier's plan and failed to claim its century, dwelling instead in the long shadow of the United States. No more! Co-authors Brian Crowley, Jason Clemens and Niels Veldhuis envision Canada's emergence as an economic and social power. They argue, while the United States was busy precipitating a global economic disaster, Canada was on a path that could lead it into an era of unprecedented prosperity. It won't be easy. We must be prepared to follow through on reforms enacted and complete the work already begun. If so, Canada will become the country that Laurier foretold, a land of work for all who want it, of opportunity, investment, innovation and prosperity. Laurier said that the twentieth century belonged to Canada. He was absolutely right; he was merely off by 100 years.
This book is an authoritative account of the economic and political roots of the 2008 financial crisis. It examines why it was triggered in the United States, why it morphed into the Great Recession, and why the contagion spread with such ferocity around the globe. It also examines how and why economies - including the Eurozone, Russia, China, India, East Asia, and the Middle East - have been impacted and explores their response to the unprecedented challenges of the crisis and the effectiveness of their policy measures. Global Financial Contagion specifically looks at how the Obama administration's policy missteps have contributed to America's huge debt and slow recovery, why the Eurozone's response to its existential crisis has become a never-ending saga, and why the G-20's efforts to create a new international financial architecture may fall short. This book will long be regarded as the standard account of the crisis and its aftermath.