Archive for the ‘Fiscal Future Daily’ Category

The Buck Stops Where? Action-Packed Suspense As Deficit Commission Pulls Into The Final Stretch

In the last few hours before the president’s deficit commission Dec. 1 deadline for issuing recommendations, and just minutes before the 3:30 p.m. news conference by deficit commission chairmen Alan Simpson and Erskine Bowles, there’s a lot of suspense, but it’s not the quiet variety. Rather, you could call it: action-packed. Packed with critical information, [...]

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Fiscal Future Daily: A Flurry Of Plans As The Deficit Commission Faces Down Its Deadline

The budget debate took a holiday for Thanksgiving but is coming back full throttle this week, with liberal groups expected to release new plans for attacking our fiscal problems, a key meeting between President Obama and Republican leaders expected tomorrow, and of course the deficit commission is expected to hold its crucial vote on Wednesday. [...]

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Fiscal Future Daily: Ireland Shows What a Debt Crisis Looks Like, Warren Buffett Wants to Be Taxed, and a Sense of Priorities

Now we know one reason why Ireland’s government tried so hard to avoid asking for a bailout. There are protests in the streets of Dublin, and the Irish government will have to face new elections, all of which proves that it’s still easier to avoid a fiscal crisis than manage one once it arrives. Also [...]

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Fiscal Future Daily: Getting Ready To Act (or Are We?); Retirement and Disability; Snipe Hunt Economics

There’s a lot going on behind the curtain right now, with the president’s deficit commission due to issue its report next week. What kind of reception will it get? That’s the topic of a lot of discussion, and some data on its way in a Public Agenda update of The Buck Stops Where?, with new [...]

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Fiscal Future Daily: How the Plans Play Out, and Why It Matters

Writing on Time.com, Fareed Zakaria says: “the fate of the U.S. is going to be decided over the next year.” He’s talking about the federal budget, and fiscally speaking, we tend to agree. The choices we make this year will have a huge impact on the nation’s economic health for decades to come, deciding whether [...]

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Fiscal Future Daily: Plans, More Plans, and Choices

It’s a big day for plans: The Bipartisan Policy Center is putting out a proposal today that could call for a national sales tax and a payroll tax holiday, and a liberal member of the deficit commission put out her alternative to the much, much-discussed Bowles-Simpson plan. Both are specifically crafted to shape the debate [...]

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Fiscal Future Daily: Erin Go Bailout, a Turnaround on Earmarks, and Occasional Acts of Vandalism

Sometimes American commentators question why the Europeans are so much more worried about their national debts than we are. Today’s news from Brussels gives one good reason: European Union leaders are scrambling today to keep Ireland and Portugal off the edge of a debt crisis, following the Greek crisis earlier this year. Are the budget [...]

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Fiscal Future Daily: Fix the Budget Yourself, and Getting the Lame Ducks in a Row

One of the hardest things in the budget debate is giving people a sense of scale: what makes a big difference on our budget problems, and what’s just a ding on the fender. The New York Times really went to town on the budget this weekend, and as you’ll see below, the best thing they [...]

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Fiscal Future Daily: What Simpson-Bowles Are Saying; Everyone’s Got an Opinion; Your Chance To Comment

Erskine Bowles and Alan Simpson, the deficit commission co-chairmen, called the plan they put out yesterday a “starting point,” and they sure started something, judging from the reaction today. It’s important to remember that this isn’t the actual deficit commission plan; it’s just a basis for the panel to discuss. So far Bowles and Simpson [...]

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Fiscal Future Daily: A Starting Point From Deficit Commission Leaders, and Does a Better Process Make for a Better Budget?

There’s been a lot of demand for specifics in the deficit debate, and the leaders of the president’s Fiscal Commission obliged today with a plan they call a starting point for the panel’s discussions. For some on the panel, it may prove to be more of a stopping point, with steep spending cuts and overhauls [...]

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