October 21, 2014

Blogs

Consensus Exists To Tackle Long-Term Problems

While fielding a question from the audience during his town hall meeting on credit card reform, President Obama took an opportunity to emphasize the need for policymakers to focus on restoring fiscal responsibility within the federal government:

Uh Oh, Treasury Reports a Small Deficit

You might look at the title of this post and ask, "Why is The Concord Coalition upset about a small deficit -- shouldn't that be a good thing?"

Most of the time, the answer would be "yes," but when a deficit, even a small one, is reported for the month of April, that is unusually bad news.

2009 Trustees' Report

It has been the beginning of a busy week for those closely following developments in the federal budget. On Monday, President Obama released the final installment for his FY 2010 budget. Then yesterday, the annual Social Security and Medicare Trustees' Reports were released.

The “Spare Change” in the Obama Budget

The Obama Administration released the "final installment" of their FY2010 budget this week. The summary tables can be found here. On his blog, OMB director Peter Orszag explains what's changed from the February release.

Small Cuts, Sobering Reminders

Ten weeks ago, President Obama released his first budget outline entitled "A New Era of Fiscal Responsibility." That publication provided an overview of what fiscal policy would look like during his first term and started the budget process in Congress (passing their budget resolution last week).

Will Reconciliation for Health Care Reform Even Matter?

Now that the Congressional Budget Resolution has passed, there has been a lot of talk about how the reconciliation instructions included in the resolution will make it easier for a health care reform effort to pass.  Particularly since the mechanics of reconciliation provide for a simple majority vote for approval -- instead of the 60 votes that might be needed to overcome a filibusterer in the Senate.

Listening To Obama's Radio Address

Listening to President Obama’s weekly address on Saturday was a rollercoaster experience for me. At times, I was lifted by his message of fiscal discipline. At other times, I was depressed by his unwillingness to connect fiscal discipline with politically difficult choices.

It started out well with the President’s observation that “the cost of confronting our economic crisis is high. But we cannot settle for a future of rising deficits and debt that our children cannot pay.”

The Future of American Politics

In line with the trend of civic-engagement and activism among youth, students at The University of Pennsylvania are gearing up for a federal finance awareness week to bring focus to our ever deepening fiscal hole. This isn't the first time we've seen motivated students who understand the stakes, impress their peers and silence the skeptics, but this is the latest example of why I'm proud to work with my generation.  

The Budget Process Beats On

As we previously noted, President Obama released the outline of his first budget at the end of February.  Those details have been scored by the Congressional Budget Office and included in the March update to their Budget and Economic Outlook.

The President's Budget (post St. Patrick's Day hangover edition)

As you recover from what was hopefully a fun-filled St. Patrick's Day, it might be helpful if I were able to convert our latest issue brief into a fun, bite-sized and easily digestible, bullet list of the most interesting things we found in President Obama's first budget submission to Congress.