In an op-ed for The Atlantic, CRFB Senior Policy Director Marc Goldwein made the case for offsetting the costs of the payroll tax cut, AMT patch, and unemployment benefit extension with the chained CPI. He argued that using the chained CPI, which is widely considered to be the most accurate measure of inflation available, makes both technical and budgetary sense.
CRFB board member Rudy Penner recently authored a CNN Money op-ed in which he writes that Congress has delayed the necessary fiscal adjustments for so long that now they have become quite painful, resulting in nothing but political gridlock. He also states that while he hopes an agreement will be reached over the next year, the most likely scenario is that a fiscal crisis will be the only thing that can force Congress to act.
CRFB president Maya MacGuineas just wrote an essay featured in the Ripon Forum. She writes that the debate over whether the "debt crisis" or the "jobs crisis" is more important misses the point that they are not mutually exclusive and that we can do both at the same time. She argues that debt reduction is a critical element of any economic growth strategy.
Today in the Washington Post, Fiscal Commission Co-Chairs and CRFB Board Members Al Simpson and Erskine Bowles wrote an op-ed titled, "The Super Committee's Make-or-Break Question," noting that they are not surprised that the Super Committee is going down to the wire to reach an agreement - their experience on the Fiscal Commission taught them how hard this issue is.
Today, CRFB board member and former budget director for Ronald Reagan, David Stockman, along with the former head of SEIU, Andy Stern, wrote an op-ed for CNN entitled: "If even we can agree on a big budget plan, so can Congress." Pointing to their varied backgrounds, the two authors promote a "Go big" approach, calling for $4 trillion in deficit reduction that includes both spending cuts and revenue measures.
Today in Politico, all four of the CRFB Co-Chairs penned an op-ed entitled, To Deficit Panel: Go Big, Long and Smart. Bill Frenzel, Tim Penny, Jim Nussle, and Charlie Stenholm lay out the reasons why the Super Committee must Go Big, Go Long, and Go Smart (see our policy paper for a more in-depth view) and then explain why it is both smart economically and politically to do so.
Today's Roll Call included an op-ed by former Representative and current CRFB board member Vic Fazio. He discusses the need for fiscal reform right now, calling on his own party, Democrats, to address our fiscal challenges. He notes that the Super Committee may introduce recommendations that are painful for Democrats, but staying engaged in the process will lead to a plan that will be more agreeable to them.
Sunday's Washington Post featured an op-ed written by Fiscal Commission and Moment of Truth project co-chairs (and CRFB board members!) Erskine Bowles and Alan Simpson. The authors draw on their experience as co-chairs of the fiscal commission to give advice to the Super Committee, which they say can be summed up in seven words: "Go big, be bold, and be smart".
In today's New York Times, CRFB board member and former chairman of the Federal Reserve Paul Volcker has an op-ed on the dangers of inflation.
In a commentary for CNN, CRFB co-chair Bill Frenzel lamented the small goal that the Joint Select Committee on Deficit Reduction (or the "super committee") is aiming for, arguing that it will not lead to the kind of grand compromise that we need.