And you'll see in the tables the net deficit impact from taking the average of the House and Senate legislation.
The net reduction in the deficit by 2085 would be about 0.015% of GDP.
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In fact, the White House budget office scores the agency as a net positive for the federal deficit.
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This often confuses people into thinking that there's conflict between the two sets of numbers when there isn't: CBO says that federal spending is going to go up to pay for the coverage expansion, but that savings and revenue will go up by even more, leading to a net reduction in the federal deficit.
The problem is not so much the budget deficit (though Greece was certainly profligate) as the net foreign borrowing by all actors, public and private (say to finance a trade deficit).
By definition, the sum of private and government net saving is equal to the external deficit.
However, net negative government saving (the budget deficit) overwhelms the others and make total national saving negative.
Clinton's trade deficit is certainly not creating net jobs for Americans.
Although the budget is nonbinding and isn't likely to become law, it fleshes out Democrats' vision of a plan to reduce the deficit while protecting safety-net programs.
When the United States does run a current account deficit and hence (on net) borrows from abroad, it must expect to have to service that debt and it cannot meet those payments by generating outsized returns on its foreign portfolio.
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This reduces the net capital inflow required to finance the trade deficit.
Nevertheless, opponents like to point out that the Congressional Budget Office has scored a corporate tax holiday as a net revenue loss that would add to the deficit.
Arithmetically, higher government saving and a bigger external deficit imply a further fall in private net saving.
Those worried about the U.S. trade deficit should thank George Mitchell as our net energy balance improves by hundreds of billions of dollars.
Once self-sufficient in oil, it has been a net importer since 1993 and today faces a widening oil deficit as demand outstrips supply.
As if to pre-empt criticism that deficit reductions and cuts in the social safety net would send Europe into a deflationary spiral, the German leader tried to turn the focus away from the Old Continent.
Since the current-account balance equals the net saving of the private and public sectors, a budget deficit boosts the external deficit.
But one cannot escape the conclusion that although India is a net exporter of economists, its policies still suffer from a deficit of economic logic.
The current-account deficit is no more than the accounting counterpart of that net inflow of capital.
Some of it involves printing money, disguised by accounting tricks: while the government's net debt is falling its gross debt is rising, and its deficit helps to keep Brazil's interest rates high (though they are lower than a decade ago).
In contrast, net FDI might finance less than one-third of India's deficit and only one-sixth of South Africa's, implying that their currencies are more at risk.
The next game went to deuce seven times, with Sharapova repeatedly erasing a deficit, until Vesnina dumped a weary second serve into the net on break point.
However, Bolton goalkeeper Jussi Jaaskelainen made several fine saves to prevent a rout, and Ivan Klasnic had the ball in United's net only for it to be ruled out before Matt Taylor reduced the deficit with 15 minutes left with a far-post header from a cross by Kevin Davies.
This sharp increase of net all-wave radiation is related to the decrease of albedo due to the precipitation deficit.
Secondly, we believe, done properly, an agreement to substantially reduce our deficit in a balanced way that will not harm economic growth will be a net positive for economic growth.
An empty-net goal in the closing seconds, while Lundqvist watched from the bench, turned a one-goal deficit into a Game 5, season-ending loss in the Eastern Conference semifinal series against the Bruins.
That's a big part of the rebalancing, that at the same time we're going to spur investment, we're going to spur net exports, we do need to put in place a plan for getting our long-run budget deficit under control.
Democrats led by Obama want to preserve the social safety net of entitlements and insist on including more tax revenue --especially from the wealthiest Americans -- in any deficit reduction package.
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