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Should Congress Change CBO's Scorekeeping Rules?
Click here for a printer-friendly version of this article.On Monday I participated in a constructive debate with Jared Bernstein, sponsored by e21, about my paper, “The Fiscal Consequences of the...
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Framing the Decision on Higher Tax Rates
There are three basic positions one can take on the question of whether Congress should increase tax rates on high income taxpayers:No to higher tax rates – higher tax rates will result in less work,...
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Yet Another Fiscal Turn for the Worse: Understanding the CBO Re-Score of the...
Click here for a printer-friendly version of this article.The Congressional Budget Office (CBO) has just published, in two reports, its updatedscore of the 2010 health care law. The new score is bad...
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Why Audit the Fed?
Click here for a printer-friendly version of this article.Today a vote is scheduled in the House of Representatives on passage of H.R. 459, Rep. Ron Paul’s “Audit the Fed” bill available here. All...
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Health Care Costs and ObamaCare
Click here for a printer-friendly version of this article.Christina D. Romer, the former chairwoman of President Obama’s Council of Economic Advisers, has penned the latest in a long series of columns...
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Reviewing the Ryan Budget (Part 2): Details of the Ryan Plan
Click here for a printer-friendly version of this article.In the short week since Mitt Romney announced his VP pick, Rep. Paul Ryan, much speculation has been made about whether or not Romney will...
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Let’s Talk Specifics on Itemized Deductions Limitations in Fiscal Cliff...
During the upcoming fiscal cliff negotiations, most of the attention is likely to be paid to two threshold questions: (1) whether or not Congress should agree to new tax revenue, period; and (2) what...
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If Taxes Must be Raised, Raise Average Tax Rates
In the debate on how best to resolve the so-called “fiscal cliff” of $600 billion of pending tax increases and spending cuts scheduled for January 1, 2013, President Obama is not only insisting on more...
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Is it Time for Deficit Hawks to Walk Away from the Bargaining Table?
I continue to believe that a bipartisan fiscal grand bargain, one that stabilizes the paths of federal spending and debt, is somewhere between desirable and necessary. Until there is a fundamental...
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Understanding the Ryan and Murray Budgets
Last week House Republicans, under the leadership of Budget Committee Chairman Paul Ryan, unveiled their draft budget for the coming fiscal year. Senate Budget Committee Democrats also released their...
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Making Government “Profits” Appear and Disappear: Student Loans vs. Fannie...
Official Congressional Budget Office estimates show that the federal student loan program will earn $184 billion for taxpayers in the next 11 years—about 13 cents for every dollar lent out. Those...
View ArticleUnpublished CRS Memo: Obama Administration Has Missed Half Of Obamacare's...
In recent months, President Obama and his subordinates have waived or delayed a number of Obamacare’s notable features, such as the law’s employer mandate, and its procedures for protecting taxpayers...
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A Strategy to End the Shutdown and Obamacare
Here's a strategy to restart the government: continuing resolutions by department, leaving out those departments that are overseeing Obamacare.A continuing resolution leaves the government operating at...
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Finally, A Winning Strategy for the GOP?
The congressional GOP has finally taken a position in its budget struggle with the Obama administration that maximizes its chances for a decent outcome. Unfortunately, it only got there after going...
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Courts Hold the Key to Obamacare's Future, Again
Congress and President Obama are engaged in a great battle to determine whether Obamacare and its individual mandate will be implemented in 2014. But the answer to that question may rest with neither...
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Five Questions for Yellen
With President Obama’s nomination of Janet Yellen for Chairman of the Federal Reserve, interest in the Ben Bernanke succession is on par with that of the Chief Justice of the U.S. Supreme Court. A...
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Yellen Can't Save the U.S. Economy
The U.S. economy is stuck at a 2% GDP growth rate, with unemployment over 7%, a record exodus from the labor force, and 1.9 million fewer jobs than at the start of the recession in December 2007. What...
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Don't Expect Magic From Yellen at the Fed
What will Janet Yellen, the nominated chairman of the Federal Reserve, do to fix the economy?Not much, it appears, if Congress remains dysfunctional and she is wedded to accommodative monetary policy...
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Five Questions for Yellen
Janet Yellen’s confirmation hearing before the Senate Banking Committee on Thursday is as an opportunity to consider the appropriate boundaries for the Federal Reserve’s independent operational...
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Why We Have Federal Deficits
The federal deficit is a huge public policy problem that must be understood, confronted, and solved. Federal deficits run in these last five years dwarf any precedent in U.S. post-world-war history....
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