by jpitney | Nov 23, 2024 | Budget, Public Administration, Public Service
Don Wolfsenberget at The HIll: There have been several presidents in recent times who have made dramatic attempts through specially appointed entities to bring government spending under control. A recent Washington Post headline summed these up: “The disappointing...
by jpitney | Nov 13, 2024 | Budget, Public Administration
Andrew Rudalevige at Good Authority: Probably the closest quasi-recent parallel is the President’s Private Sector Survey on Cost Control in the Federal Government, convened by Ronald Reagan in 1982. PPSSCCFG was hardly a mellifluous acronym, so the body was usually...
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...
