What's next?
What's next?
If current policies were to stay in place, including low tax rates, the deficit forecast is dire.

Under the president's budget, higher taxes on the wealthy and military cuts would shrink deficits.

The House Republican plan from Rep. Paul Ryan slashes more through deep cuts to non-entitlement spending. Ryan would also cut tax rates. Details are scarce, but he says fewer loopholes and an optimistic economic growth forecast will make up the difference.


By Susie Poppick @Money - Last updated May 14 2012: 12:24 PM ET
Join the Conversation
The budget: Is Uncle Sam just an insurance company?

Democrats and Republicans are arguing fiercely over the proper size of the government. Money magazine looks at the facts -- how much we're spending and what we're spending it on.

Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.