Federal Budget

Blog Post

Everything Needs To Be On the Table in Budget Negotiations

December 11, 2017
When it comes to budget negotiations, many interest groups demand that certain items be considered “off the table” and exempt from any changes. The reality, however, is that everything needs to be on the table for both economic and political reasons.
Blog Post

Sequestration Is a Bad Way to Make Budget Cuts

December 07, 2017
To reduce budget deficits, policymakers must make politically painful policy changes by raising taxes on constituents and/or reducing spending on services provided to them. Because different tax increases or spending cuts of the same magnitude do not always have the same impact, policymakers should aim to make informed decisions that target these policy changes rationally.
Blog Post

Entitlement Reform Should Reduce Subsidies for Those Who Don't Need Them

November 14, 2017
Individuals with the least wealth or income potential are the most dependent on government programs for support. Thus, when policymakers talk about reforming entitlement programs, many observers are concerned about the potential impact on these vulnerable groups. The good news is that there are plenty of responsible ways to reduce costs without unduly burdening beneficiaries.
Blog Post

Changes in Borrowing Costs Can Have a Dramatic Impact on the Federal Budget

November 02, 2017
The federal government, like all entities that borrow money, pays for the privilege of doing so in the form of interest. A growing national debt therefore places a greater burden on the federal budget in the form of rising interest costs. The Congressional Budget Office (CBO) projects that under current laws, over the next decade the government will spend over $5 trillion solely to pay the interest costs for past borrowing.
In the News

Apologetic Approval

October 27, 2017
CQ Budget Tracker
Topics
Congress
Federal Budget
Tax Policy

House Republicans were almost apologetic in passing a budget blueprint that they readily conceded was not the one they really wanted.

In the News

Trump's Debt Clock Ticks as Iowans Try Deficit Reduction

October 12, 2017
The Des Moines Register
Topics
Budget Process
Federal Budget
Grassroots
National Debt

It seemed like a quaint exercise, like a quilting bee or a Parcheesi tournament. More than 60 people gathered at Drake University, pens in hand, trying to work out how they would cut the national d