Analysts expressed dismay that Republicans and Democrats still cannot work together on the deficit issue.
Has that had any impact on the deficit talks that the Vice President is holding?
Ironically, a failure to create a credible plan on the deficit could ultimately lead to lower rates.
Boccieri had said he wanted to see the impact on the deficit before making a final decision.
Both George Bush and Jacques Chirac believe in cutting taxes irrespective of the effect on the deficit.
Indeed, lost on the deficit worriers is the simple truth that a dollar is a dollar is a dollar.
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The dominant effect on the deficit comes from the economy, not tax policy.
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If Democrats and Republicans fail to hash out a compromise on the deficit, draconian spending cuts will follow in 2013.
And kicking the can down the road on the deficit may see that can go down a manhole cover very soon.
The interest rate on the deficit is negative and thus reducing the deficit will cost the US government forgone interest payments.
If the Obama tax increases slow the economy by just 0.2 percentage points, they will have absolutely no affect on the deficit.
But the emergency budget promised for June 22nd will be trickier: it needs to show resolve on the deficit without sending the country back into recession.
"It isn't working because their failure to get businesses growing, to see more jobs created, has locked them and the country into a vicious cycle on the deficit, " he said.
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There is in the analytical perspectives volume a sensitivity analysis of if the GDP growth rate is better or worse by one percentage point, what is the impact on the deficit.
They noted the bill adds to the US budget deficit, while also objecting that the low tax rates - which have the biggest impact on the deficit - are only temporary.
But focusing on the deficit is a disastrous error.
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Many individual investors said they were monitoring events in the Middle East, expecting higher interest rates and watching to see if Washington will make any meaningful progress on the deficit and avoiding a shutdown.
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We never linked the fairly routine procedure of voting to increase the debt ceiling, voting to ensure that Congress pays the bills that it has already taken on to action on the deficit or the debt.
Contrast the two visions on the deficit.
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He argued that having a growth plan would help get the economy moving again and "stop the vicious circle on the deficit" but said it wouldn't "secure our economic future" on its own and tough decisions would still be needed on tax and spending.
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And what is abundantly clear to everyone in this town is that Republicans will block a permanent tax cut for the middle class unless they also get a permanent tax cut for the wealthiest Americans, regardless of the cost or impact on the deficit.
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The whole point of the sequester was to force the politicians to come up with a better way to work towards a balanced federal budget and avoid an even worse outcome: lack of any serious action on the deficit and a debt crisis that could ensue.
In the interest of transparency, leadership, and also showing the American people that you have been negotiating in good faith, can you tell us one structural reform that you are willing to make to one of these entitlement programs that would have a major impact on the deficit?
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