Fiscal Policy in the News

'It May Be a Predictable Crisis But It's Not a Necessary One'

Yesterday the Peterson Foundation hosted the Fiscal Summit: America's Crisis and a Way Forward, convening an all-star line-up of fiscal, economic, and health care experts to discuss our fiscal challenges and to help develop solutions.

Weekend Editorial Roundup

Here are the highlights from this weekend’s editorials on fiscal and budget policy:

The Wall Street Journal criticized plans by Democrats to introduce new health cost control measures in response to a report that said the recently passed health care legislation would increase premiums.

Dealing With The Debt

In today's Financial Times, Roger Altman asked " whether the credit standing and currency stability of the world's biggest borrower, the US, will be jeopardised by its disastrous outlook on deficits and debt."

Altman explains that:

Weekend Editorial Roundup

Here are the highlights from this weekend’s editorials on fiscal and budget policy:

"Public Square" Adds to the Fiscal Conversation

OurFiscalFuture.org has put together a blog carnival on fiscal policy called "Public Square." It brings together numerous experts on fiscal policy to discuss their views.  Included in Public Square are CRFB President Maya MacGuineas, Peterson-Pew Commission Project Director Steve Redburn, and CRFB board member Rudy Penner.

Public Pension Systems: Avoiding the Hard Choices?

At the Bottom Line we often complain about government officials avoiding hard fiscal choices because of the political difficulty involved. At the state level, one of the biggest hard choices involves the funding of public pensions.

Donald Marron to be new TPC Director

Today, the Tax Policy Center, a joint venture of the Urban Institute and the Brookings Institute, announced that Donald Marron will become the new director of TPC. We at CRFB praise the TPC for appointing someone with such vast experience, knowledge and balance.

Weekend Editorial Roundup

Here are the highlights from this weekend’s editorials on fiscal and budget policy:

The Wall Street Journal noted the lessons that the United States could learn from Greece and their debt crisis.  They noted how the US's debt held by the public was projected to reach 90% in ten years, close to the 113% level Greece is at now.  According to them, "Greece's predicament...is signaling loud and clear that the spend-and-tax economic model has hit the wall."

CRFB President and Board Members Talk Solutions on CNN IOUSA Panel This Weekend

CRFB President Maya MacGuineas will join a panel of experts including CRFB board members Pete Peterson and David Walker, as well as former Senator Bill Bradley as part of the CNN premiere of I.O.U.S.A.: Solutions this weekend. The special follows up on the highly-acclaimed 2008 documentary, I.O.U.S.A., which vividly illustrated the consequences of mounting national debt and opened many American’s eyes to the need for fiscal responsibility.

Weekend Editorial Roundup

Here are the highlights from this weekend’s editorials on fiscal and budget policy:

The Wall Street Journal questioned whether the economic recovery would be able to sustain a few counter-cyclical blows that are coming down the road.  With the inevitable Federal Reserve rate-hikes and the possibility of the expiration of the Bush tax cuts, they wondered whether "the expansion will have built up enough steam to ride out these and other growth shocks."

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