Updated Budget Projections: 2016 to 2026 March 24, 2016. CBO projects a $534 billion deficit in fiscal year 2016, about $100 billion more than in 2015. If current laws generally remained unchanged, the deficit would increase from 2.9 percent to 4.9 percent of GDP over the next decade.
A Letter on the Abolition of the slave trade, Addressed to the Freeholders and Other Inhabitants of Yorkshire, by William Wilberforce. London, 1807. Edited and introduced for the web by Dan Graves. William Wilberforce was a parliamentarian and man-about-town when he became convinced of the truth of Christianity. Upon his conversion, he thought he should withdraw from parliament, but pastor John Newton, author of the beloved hymn âAmazing Graceâ convinced him otherwise.
A group of pro-war Republicans, led by Speaker of the House Henry Clay, argued that military force was the only option left to combat British imperiousness. These âWar Hawksâ were not a majority of the party, but over time, their influence acted on more skeptical party members. President Madison eventually did bring a declaration of war to Congress, but his leadership in planning for war was mostly absent.