The folks over at the Committee for A Responsible Federal Budget have added up the cost of Democratic presidential hopeful Hillary Clinton’s policy platform and how she’d finance it. And, lo and behold, it looks like she’d actually pay for nearly all she wants to do. In contemporary American politics, this is nothing short of amazing.
Is dynamic scoring ready for prime time? At a TPC-Hutchins Center program yesterday, backers and critics debated whether congressional scorekeepers should include macroeconomic effects of tax changes when doing a budget score. They disagreed, of course, but did agree that if the tool is used, it
Do deficits, or at least currently projected deficits, matter? It is an age-old question that’s going to get renewed attention in a Congress where Republicans have made no secret of their desire to cut government spending. Of course, cutting spending is not the same thing as reducing the deficit.
If you recently heard the news that Congress is debating the merits of raising the debt ceiling, don't think you have time-traveled back to 2011 or to 2012. In the absence of Congressional action, and barring some extraordinary measures, the debt ceiling is set to be breached sometime in the next
The Congressional Budget Office’s summer budget update charts two undesirable paths for the nation’s economic and fiscal health next year. Call them Gloom and Doom. Gloom is what happens if the tax increases and government spending cuts scheduled to arrive in January actually occur. CBO says that