Or you could just look at the latest work of that absolute Zen master of crisp analysis, Tom Toles: Source: Washington Post
Archive for the ‘Deficits, Debt and Taxes’ Category
Ed Kleinbard calls out “dynamic scoring”
There are many strong, substantive reasons to be worried about the use of “dynamic scoring” by the new Republican Congress. As Ed Kleinbard tells it in today’s NYT, the new majority is instructing the official scorekeepers of the revenue implications of tax changes to employ models that incorporate macroeconomic feedback. As I argued here, such… Read more
Who you callin’ massive? The CRomnibus actually cuts discretionary spending to historic lows as share of GDP.
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
The tax extender package: a lame duck turkey
On the assumption that, like me, you’re either running to get somewhere for Thanksgiving or preparing for the arrival of a bunch of peeps running towards you, I apologize for breaking in with a weedy tax discussion. But break in I must, as while you’re innocently stuffing a bird, candying the yams, and burning the… Read more
Progressive wonks always bring a spreadsheet to a knife fight.
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