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Home Publications Reports The Real Budget and the Real Budget Deficit

The Real Budget and the Real Budget Deficit

August 2003, Dean Baker and David Rosnick

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).

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