September 2, 2014

Blogs

Writing House Republican Budget Will Be No Tea Party

The problem with campaign rhetoric is that you’re stuck with it if you win.

The danger is that people might just believe you can really do all the wondrous things you promise and if you don’t deliver, they get angry. That, in part, helps to explain what happened to President Obama and congressional Democrats last week.

Now, it’s the Republicans’ turn to see if they can live up to their campaign rhetoric. On the fiscal front, they have set a very high bar for themselves.

Welcome to Washington

By the end of the week, the political landscape in Washington will have changed. We will have a new Congress and attention will quickly turn to the 2012 presidential contest.

Yet, regardless of who ends up in charge of Congress, or who begins making frequent trips to Iowa and New Hampshire, certain facts will remain the same.

Passing on a Burden That Future Generations Don't Deserve

As the chair of The Concord Coalition’s Youth Advisory Board, I am always looking for opportunities to highlight why issues of fiscal sustainability and entitlement reform most significantly impact today’s young Americans and future generations. So when Sara Imhof, Concord’s Midwest field director, asked me to speak on a panel with Congressman Paul Ryan and former SEIU President Andy Stern, two members of the President Obama’s fiscal commission, I jumped at the chance.

A Repeat of the No-COLA Coddling

The Social Security Administration announced on Friday that for the second year in a row there would be no cost-of-living increase in Social Security benefits for 2011.  Why not?  As the SSA explains, this is a straightforward, non-political determination based on historical economic data:

Happy New Year

Fiscal Year 2010 ended last Thursday but no one was popping champagne corks. Little wonder. For the second year in a row, the federal government ran a budget deficit well in excess of one trillion dollars.

Presidential Hopefuls, Take Note: Iowans Care About Fiscal Responsibility

In an op-ed article on Sept. 26 in the Des Moines Register, I pointed out that “…regardless of age, socio-economic status or political ideology, we are all affected by inefficiencies in our health system, irresponsible tax and spending policies in Washington, and snowballing government debt.”

I urged average citizens to become more engaged in the search for solutions to our fiscal and economic challenges: “Getting involved is the right thing to do. If we don't take action, who will?”

Senate Should Vote on OMB Nomination Now

When Congress soon leaves the Capitol for the campaign trail, a long list of unfinished business will likely be left behind. This year will mark the first year since the modern budget process was created in 1974 that no budget resolution has been passed by either the House or the Senate. Of the twelve appropriations bills necessary to fund the federal government during the coming year, Congress has not enacted one of them.

A Dubious Pledge

Last week, House Republicans offered a “Pledge To America” outlining their fiscal priorities and reform ideas. As with most such campaign manifestos, it is long on base-pleasing rhetoric and short on troublesome details.

Budget and Appropriations Update

Below are several developments we have been following since the last edition of the Washington Budget Report (sign up here) was published.

Those "Best-for-Nothing" Bush/Obama Tax Cuts

The media is buzzing about how House Minority Leader John Boehner and President Obama might be ready to "compromise" on what to do about the Bush tax cuts.  From a story by Shailagh Murray and Lori Montgomery in Monday's Washington Post: