Breaking down the debt deal

by | August 29th, 2011 | Posted in Budget | Tagged with , , , , , | with 3 comments

In this video blog, OK Policy Director David Blatt provides an overview of the deficit reduction agreement reached this summer by Congress and President Obama. The  deal calls for close to $1 trillion in cuts to discretionary programs over the next ten yeas and additional automatic, across-the-board spending cuts if Congress fails to enact a further $1.2 trillion in deficit-reduction measures by January 15, 2012.

For more detailed analysis of how the debt deal might impact the federal budget, click here for an in-depth summary by Richard Kogan from the Center on Budget and Policy Priorities.  Or, click here for a few succinct power point slides on the subject developed by OK Policy. An earlier blog post summarized some of the best analysis of the agreement.

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3 Responses to 'Breaking down the debt deal'

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  1. [...] A federal stimulus grant will help support Oklahoma veterans at risk of homelessness. OKC and state agencies are defending their raid on a nighttime food market against critics who say the enforcement was selective and heavy-handed. Steve Lackmeyer provides more details on the story at the OKC Central blog. The OK Policy Blog features a video of Director David Blatt breaking down the federal budget deal. [...]

    In The Know: August 30, 2011 | OK Policy Blog

    30 Aug 11 at 8:59 am

  2. [...] This week OK Policy released a fact sheet on the basics of the state’s income tax.  Monday’s blog, Why Oklahoma needs an income tax, lays out three compelling reasons to preserve the tax and asks proponents of eliminating the income tax to explain which taxes they would increase and which services they would eliminate to make up for over $2.5 billion in lost revenues.  Director David Blatt answered all of your burning questions about how the recent debt limit deal reached in Congress will affect the federal budget: [...]

    The Weekly Wonk – September 2, 2011 | OK Policy Blog

    2 Sep 11 at 11:17 am

  3. [...] brief recap: The Budget Control Act created a supercommittee tasked with finding at least $1.2 trillion in deficit reduction measures. [...]

    What the coming federal budget cuts could mean for Oklahoma | OK Policy Blog

    25 Jan 12 at 7:02 am

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