For Immediate Release

Contact: 

Tillie McInnis
Domestic Communications Coordinator
202-293-5380 x117
E-mail

Dan Beeton
International Communications Coordinator
202-239-1460
E-mail

Budget Calculator Puts Costs of Programs and Cuts into Perspective

WASHINGTON - Every day, articles are written about government spending, often using enormous numbers but very little context. For example, readers are told that a certain program costs $760 billion, which seems like a lot of money. However, they are not told that this cost is spread over a 10-year budget window or that over those 10 years, the program will only amount to 1.7165 percent of the budget. Expressing spending as percentages of the budget and explaining how many years an amount covers conveys much more information than a number alone and can make that number much less scary.

A new budget calculator from the Center for Economic and Policy Research (CEPR) does just that. Users will be able to enter a dollar amount and the period of time the amount covers. A simple click of the button gives the cost of the program as a percentage of the budget. Users can toggle to the advanced calculator to see numbers expressed per capita, as a percent of total revenue, as a percent of discretionary spending or as a percent of the unified budget. The CEPR budget calculator gives some much needed perspective to the costs of government programs and spending cuts.

###

This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.

The Center for Economic and Policy Research (CEPR) was established in 1999 to promote democratic debate on the most important economic and social issues that affect people's lives. In order for citizens to effectively exercise their voices in a democracy, they should be informed about the problems and choices that they face. CEPR is committed to presenting issues in an accurate and understandable manner, so that the public is better prepared to choose among the various policy options.

Share This Article

More in: