Most Deficit Savings Have Come from Program Cuts

April 9, 2013 at 10:04 am

Tomorrow’s release of President Obama’s budget will bring new attention to the debate over how to reduce deficits.  A key sticking point in that debate has been Republican leaders’ opposition to any new revenues on top of those in January’s American Taxpayer Relief Act.

With that in mind, here’s a fact worth remembering:  some 70 percent of the $2.3 trillion in policy savings that the President and Congress have enacted over the past few years — which will produce $2.75 trillion in total deficit reduction when interest savings are included — have come through program cuts rather than revenue increases (see graph).

Print Friendly

More About Richard Kogan

Richard Kogan

Richard Kogan rejoined the Center in May 2011 after having served as a Senior Adviser at the Office of Management and Budget since January 2009. During his second tour at the Center, from 2001 to 2009, he served as a Senior Fellow specializing in federal budget issues, including aggregate spending, revenues, surpluses and deficits, and debt. Kogan is also an expert in the congressional and executive budget processes and budget accounting concepts.

Full bio | Blog Archive | Research archive at CBPP.org

1 Comments Add Yours ↓

Comments are listed in reverse chronological order.

  1. 1

    very nice blog….and explaining with chart, it is ablsolutly fine.



Your Comment

Comment Policy:

Thank you for joining the conversation about important policy issues. Comments are limited to 1,500 characters and are subject to approval and moderation. We reserve the right to remove comments that:

  • are injurious, defamatory, profane, off-topic or inappropriate;
  • contain personal attacks or racist, sexist, homophobic, or other slurs;
  • solicit and/or advertise for personal blogs and websites or to sell products or services;
  • may infringe the copyright or intellectual property rights of others or other applicable laws or regulations; or
  • are otherwise inconsistent with the goals of this blog.

Posted comments do not necessarily represent the views of the CBPP and do not constitute official endorsement by CBPP. Please note that comments will be approved during the Center's business hours. If you have questions, please contact communications@cbpp.org.




× six = 12

 characters available