Greased Wheels Move Some Appropriations, But Deficits Growing
In the most recent episode of “Facing the Future,” the show returned to its usual format after concluding its New Hampshire candidate interview series.
Spending Bills Move Forward But Debt Growth Ignored
Lawmakers made noteworthy progress last week on spending bills for the coming year, at least as far as timeliness is concerned. Congress approved three bills and negotiators announced a bipartisan agreement on a much larger package that could avoid a government shutdown in October.
Legislative leaders are pleased and proud, noting that work on spending bills now is ahead of schedule compared to many years in the past.
In Concord, N.H. Program, Former Congressmen to Discuss Fixing Washington’s Gridlock and Partisanship
Tomorrow former congressmen David Jolly and Patrick Murphy will discuss excessive division and gridlock and how, through bipartisan leadership, the nation’s political systems could function more effectively.
The program, “Let’s Fix Washington: Breaking Through Political Dysfunction and Faulty Fiscal Policy,” will be presented in the Rich Room (204) at the Warren B. Rudman Center at the University of New Hampshire School of Law.
Jolly and Murphy are on a national speaking tour called “Let’s Fix Washington.”
Tyler R. Sweeney is the New Hampshire state director for The Concord Coalition.
Concord is a nonpartisan organization that encourages fiscal responsibility in Washington and helps educate the public about the federal budget and the need to protect our children and future generations from excessive government debt.
Sweeney was born and raised in Weare, New Hampshire. He graduated from New England College with a B.A in history and political science. After working on several local and national political campaigns, Sweeney joined Concord to put his grassroots campaign expertise to use on bipartisan issues with an educational focus.
He works with local and state leaders educating citizens on the importance of civic engagement on issues related to federal fiscal policy.
As a young community leader, Sweeney emphasizes the need for a generational perspective in addressing our nation’s fiscal challenges and encouraging current and future policymakers to act on such issues with the long term in mind.
Small Slice of Budget Goes to Children
With congressional elections two months away, voters are hearing a great deal from the candidates about the high priority that Americans place on their children and the nation’s future.
The lofty rhetoric on this subject, however, is hard to square with the relatively small part of the federal budget that is currently spent on children. Projections based on current law also show children’s programs losing ground across the board in the coming years.
No Good Reason for More Deficit-Financed Tax Cuts
Climbing Out of the Hole Will be Difficult
A few weeks ago, we discussed a Congressional Budget Office (CBO) report that showed its standard projections, which assume current laws remain in place, likely understate the projected path of debt and that if Congress continues certain recent policies, the path gets much worse, bringing key economic outcomes down with it.
Brief Growth Spurt Is No Excuse for Fiscal Irresponsibility
While the White House celebrates the economy’s strong second-quarter showing, it is important to keep in mind that economists generally consider this a temporary phenomenon rather than a harbinger of higher growth levels over the coming decade.
Business Economists Worry About Rising Deficits
Large majorities of business economists said in a recent survey that current U.S. fiscal policy is overstimulating the economy and should be aimed at reducing the federal deficit rather than increasing it.
The National Association for Business Economics said 81 percent of the survey respondents think fiscal policy “should reduce the federal deficit’s share of GDP when compared with the Congressional Budget Office’s (CBO’s) baseline.”