Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom


$ 4 trillion

This is the US debt reduction over the next 10 years claimed in President Obama’s latest budget proposal. After careful examination of this amount it appears nevertheless that the spending cuts composing this amount are at least "surprising". To read more about the Obama’s budget proposal see Michael D. Tanner’s paper for the Cato Institute.

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