Latest
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Bernanke Testifies Before the House Budget Committee
Chairman Bernanke's testimony today underscored the fundamental lack of sustainability of the growing federal budget deficit, while simultaneously...
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Gates Aims to Find $100 Billion in Savings Over Five Years
The Department of Defense recently announced that it will aim to cut over $100 billion from existing programs over the 2012-2016 period in order to...
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Improving the Budget Situation
The Administration is taking important steps in improving the budget situation: The proposed 3-year spending freeze of non-security discretionary...
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More News on the Spending Front!
The Obama Administration is looking at spending once again. A day after the White House announced a plan to encourage savings by executive agencies...
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Oil in the Gulf Isn’t the Only Threat That Needs to Be Capped
Lawmakers have railed against the inability to stop the leaking of oil into the Gulf of Mexico, yet they are having no better success in staunching...
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We Couldn't Agree More
Washington Post Editorial: Economic stimulus plans ought to specify how the borrowed money gets repaid
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A Small Change, But a Good Idea
Looks like the White House wants to attack the deficit one small change at a time. After promoting the Reduce Unnecessary Spending Act to give the...
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‘Line’ Items: Pitching, Polls, and the New Charity of Choice
Making the Pitch – With much of Washington eagerly anticipating the debut of Stephen Strasburg on the mound tomorrow, the return of Congress this week...
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Disappointing Employment News, the Extenders Bill, and Credible Fiscal Policy
Yes, today’s employment news from May is disappointing – even though there are some encouraging signs. Let’s start with the bright side: the...
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Employment Situation
Today's May jobs report was a surprise to many economists, who had expected stronger private sector gains. Government-hired Census workers accounted...
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Fiscal Policy, Monetary Policy, or Something in Between?
Yesterday, Donald Marron asked the question: " How Blurry is the Line between Monetary and Fiscal Policy?" As our readers know, we have been tracking...
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Op-Ed: Can We Afford $100 Billion Jobs Bill?
CNN | June 4, 2010 Last Friday, the House passed and sent to the Senate a jobs bill that was scaled down in an effort to control the cost. The...