The Real Budget and the Real Budget Deficit
Publication Date: August 2003
Publisher(s): Center for Economic and Policy Research
Keywords: National debt; Federal budget; Tax revenues
Coverage: United States
This paper recommends an alternative measure of the federal budget and the budget deficit – a core budget – which would pull out programs financed by their own stream of revenue (like Social Security and Medicare) and focus only on the portion financed by general revenue (primarily personal and corporate income taxes).