Archive for the ‘Deficits, Debt and Taxes’ Category

Who you callin’ massive? The CRomnibus actually cuts discretionary spending to historic lows as share of GDP.

December 12th, 2014

If you Google “massive budget bill” you get a lot of hits. “House…Approves Massive Spending Bill” “Congressional leaders unveiled a massive $1.01 trillion spending bill…” “…the House narrowly passed a massive spending bill late Thursday” “A massive federal spending bill finally won the House’s approval Thursday night…” I fear such language is massively misleading. True,… Read more

Progressive wonks always bring a spreadsheet to a knife fight.

November 11th, 2014

I completely agree with my old colleague Peter Orszag who argues this AM that the new Republican majority in the Senate would make a big mistake were they to appoint a strongly partisan proxy to head the Congressional Budget Office when the directorship opens up next year. While I’ve had some disagreements with their work,… Read more