September 20, 2014

Blogs

Election Winners Must Choose Between Fiscal Calamity and Compromise

Congratulations to the Election Day winners. So what do Tuesday's results mean for the fiscal outlook?

Think of it this way.

If the country is on an unsustainable fiscal path, which it is, and if continued partisan bickering will not solve this problem, which it won’t, and if divided government has been re-elected, which it has, then the only choices are calamity or compromise.

The Concord Coalition urges compromise.

The Presidential Candidates' Fiscal Policies -- Part II: President Obama

This is Part II of a two-part series of posts on the presidential candidates' fiscal policies. Part I examines Governor Romney's plans.

The Presidential Candidates' Fiscal Policies -- Part I: Mitt Romney

This is Part I of a two-part series of posts on the presidential candidates' fiscal policies. Part II examines President Obama's plans.

As election day approaches, it is appropriate to look at what we know and what we don’t know about the two candidates’ fiscal policy proposals -- especially since it is unlikely we will get any more details prior to election day.

Around the Country, Finding Common Ground on the Debt

Watching the recent Strengthening of America forums online from my office in Wyoming, I was encouraged by how former Democratic and Republican members of Congress, Cabinet secretaries and other national experts could find such so much common ground on a course for fixing the national debt.

As the western states regional director for The Concord Coalition, I was struck by how this matches what Concord has found working with local leaders and the public here in the West and across America.

Pro-Growth Tax Reform: A Lot of Common Ground, But Still Some Stumbling Blocks

As part of the Strengthening of America -- Our Children's Future project that The Concord Coalition is co-sponsoring, a forum was held last week in New York on the topic of pro-growth tax reform.  The video of the full event is available here.  In the first part of the forum Martin Feldstein, a former chairman of the Council of Economic Advisors and a Romney advi

New Federal Budget Challenge Already Teaching Lessons

The latest version of our budget game, the Federal Budget Challenge, has been online for only two weeks, yet has been played by over 5,000 people from almost half of the states in the nation. The Challenge lets players examine over 50 different policy choices, along with their budgetary impacts over 10 years, and decide for themselves whether and how they would reduce the nation’s budget deficits.

Strengthening of America Forum Highlights Political Obstacles to Fiscal Reform

This week The Concord Coalition and several other organizations kicked off an initiative called Strengthening of America – Our Children’s Future focused on the nation's worsening fiscal situation. Former Senators Sam Nunn (D-Ga.), Pete Domenici (R-N.M.), Warren Rudman (R-N.H.) and Evan Bayh (D-Ind.) have convened a bipartisan group of former members of Congress for a series of forums in the weeks leading up to the presidential debates. Nunn and Rudman are Concord’s

Do Bond Markets Underestimate the True Riskiness of U.S. Treasuries?

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The ultra-low interest yields on U.S. Treasury bonds seem to suggest "not much." Some of this is because relative to the fiscal positions of other countries, the U.S. economy seems relatively more capable of supporting the public debt. But it may also be because the pricing of government bonds is less an efficient reflection of the inherent market riskiness of the bonds than it should be.

How Politics Can Turn a Good Tax Policy Idea Bad

Last week the Tax Policy Center (TPC) released this distributional analysis of the Romney tax plan, exploring how the plan could be made revenue-neutral, as Romney has claimed it would be.  The TPC analysis found that it is impossible to pay for Romney’s proposed additional tax cuts (which are skewed heavily toward upper-income households ) with base-broadening revenue offsets (which according to the Romney plan cannot include increasing the taxation of capital income) w