Archive for the ‘Deficits, Debt and Taxes’ Category

Putting the Dismal Back in Econ

May 14th, 2014

I’m hearing a fair bit of optimism re the current economy.  Many of the folks with whom I interact on this stuff are feeling better about where things are headed, with unemployment down, households looking pretty deleveraged, job growth at a decent clip, and the weather-beaten data flow improving. As Mark Zandi wrote in his… Read more

Rep. Ryan: It’s Only a Cut When I Say It’s a Cut!

April 10th, 2014

One of DC’s sillier arguments–a very competitive category–is the claim that you’re not really cutting a program when you reduce its growth rate. Apparently, Congressman Ryan was unhappy with a new CBPP post pointing out that most–69%–of his budget cuts come from programs that serve low or moderate income people.  As CBPP’s Bob Greenstein points out:… Read more

Budget Linguistics

April 7th, 2014

A few months ago I was in a restaurant and noticed a mistake on the check.  “I’m sorry,” the waiter said, suggesting there was nothing he could do about the overcharge.  “That’s how it’s in the computer.” I was recently reminded of that incident when I testified at a budget hearing in the House, particularly… Read more