Kent Conrad, former Chairman of the Senate Budget Committee, wrote a commentary in Roll Call. It is reposted here.
Gene Steuerle, Richard B. Fisher chair and Institute Fellow at the Urban Institute, wrote a post on the Tax Policy Center's blog, TaxVox. It is reposted here.
Judd Gregg, former chairman of the Senate Budget Committee, wrote an op-ed in The Hill today. It is reposted here.
After much ado and little done in Washington, is that a glimmer of light we see coming down the tracks? It could be, maybe.
Congress entered 2013 with a great deal on its plate, but it still has some work left to do. Our budget problems are still far from solved and ideally lawmakers would make a comprehensive deficit reduction deal a priority. However, at the very least, they can do no harm.
Over the past few months, the subject of Social Security has been hotly debated, centering Recently, Jane White authored an article in the Huffington Post supporting Senator Warren, and mischaracterized CRFB's position toward Social Security.
It has been one week since Sen. Patty Murray (D-WA) and Rep. Paul Ryan (R-WI) announced they had reached a bipartisan budget agreement, which is now being considered in the Senate. CRFB board member Bill Hoagland, a longtime expert on the federal budget process and former staff director of the Senate Budget Committee, weighed in on the deal in an op-ed today.
The budget agreement reached by the Senate and the House last week both has some good elements and bad elements. In particular, it replaces some of the sequester in 2014 and 2015 with targeted and permanent savings policies like reforming military and civilian retirement and improving the Pension Benefit Guaranty Corporation but does not do enough to make the long-term debt sustainable.
While we continue to hope for a substantial budget deal that would address our long-term fiscal problems, it looks like a smaller deal is more likely. Replacing part of the sequestration with permanent long-term savings would represent progress, though more work will remain.
However, as CRFB President Maya MacGuineas wrote in zpolitics over the weekend, if lawmakers are looking toward a smaller deal, it becomes that much more that the avoid budget gimmicks and worsening the fiscal situation. Writes MacGuineas:
It's just a little over a week before the budget conference committee is supposed to present its recommendations to Congress. Former U.S. Comptroller and CRFB board member David Walker writes in The Hill that the deadline is also an opportunity we cannot afford to waste:
With Congress is in recess, it's likely we won't see a deal this week, but the December 13th deadline for the budget conference committee is fast approaching. Expectations for an agreement are mixed, but in an article in this weekends's U.S.