by jpitney | Mar 4, 2024 | Budget, Debt, Economic Policy
Mark J. Warshawsky at AEI: Last week, the Treasury Department released, with no fanfare, the massive Financial Report (FR) of the US Government. Using an accrual accounting basis, rather than a cash basis, the FR shows a much poorer picture of the current finances of...
by jpitney | Feb 13, 2024 | Budget, Debt
CBO, The Budget and Economic Outlook: 2024 to 2034 Debt held by the public rises each year in relation to the size of the economy, reaching 116 percent of GDP in 2034—an amount greater than at any point in the nation’s history. From 2024 to 2034, increases in...
by jpitney | Nov 14, 2023 | Budget, Congress, Economic Policy, House of Representatives
Don Wolfensberger: The House and Senate Budget committees keep churning out annual budget resolutions for approval by both houses. And the Congressional Budget Office (CBO) continues to produce its expert non-partisan cost estimates on legislation as part of its...
by jpitney | Nov 7, 2023 | Budget, Congress
Ernest Istook at Newsmax: With a new U.S. House Speaker in place, Republicans now have a quick opportunity to re-unify, rallying around how they handle the level of massive federal spending and borrowing. They should revive the “automatic continuing...
by jpitney | Sep 30, 2023 | Budget, Congress, House of Representatives
Sarah Ferris and Burgess Everett at Politico: Members old enough to remember the 1990s are now looking to that era’s nasty stalemate between Bill Clinton and Newt Gingrich as the most apt comparison to their current predicament. Even former Speaker Gingrich...
by jpitney | Jul 3, 2023 | Budget, Debt, Uncategorized
From CBO: Each year, the Congressional Budget Office publishes a report presenting its projections of what the federal budget and the economy would look like over the next 30 years if current laws generally remained unchanged. The long-term budget projections...
