July 22, 2014

Blogs

This "Victory" Is a Surrender

Judging by recent media reports, there is a growing belief in Washington that the best way to deal with the deficit is to “declare victory.” 

It won’t work.

The deficit problem is far from being solved and its lengthy shadow will hang over every other issue, including the economy, until a fiscal sustainability plan is in place.

Hidden in Plain View: Aging, Health Care Costs and Interest Drive the Budget

For those inclined to look beyond the sharp drop in the deficit this year, as we should, the budget update released by the Congressional Budget Office (CBO) on May 14 has some striking indications of things to come. 

Health Care Cost Goals: Washington's New Optimism -- Post Three of Three

This is post three of a three-part series on the developing consensus for the next steps on health care reform. Part One is here. Part Two is here.

Health Care Reform Consensus and Increasing "Skin in the Game" -- Post Two of Three

This is post two of a three-part series on the developing consensus for the next steps on health care reform. Part One is here. Part three is here.

There Is Consensus On Health Care Reform Next Steps -- Post One of Three

This is post one of a three-part series on the developing consensus for the next steps on health care reform. Part 2 is here. Part 3 is here.

Driven to Distraction -- and Creative Accounting

Although Congress has plenty of serious budget work to do, lawmakers in both parties can’t seem to resist frittering away time and confusing the public with various proposals that serve no useful purpose. Last week offered a couple good examples.

Might Health Care Reform Be the 'Grand Bargain'?

Last Thursday, the Bipartisan Policy Center’s (BPC) Health Care Cost Containment Initiative released a comprehensive plan to increase efficiency and reduce costs while reorienting the nation’s health care system to become more patient-centered. That combination would ideally lead not only to a more sustainable fiscal future but to better health care as well.

Simpson-Bowles Plan Could Play Vital Role in Moving Towards Compromise

The new budget plan released recently by Alan Simpson and Erskine Bowles once again demonstrates that it is possible to bring the deficit under control using a mix of spending cuts and revenue increases without harming the near-term economy.

It is not a plan for partisan purists, and that is why it could play a vital role in the coming months as Democrats and Republicans struggle to find a way forward on a budget compromise.

Surpluses as Far as the Eye Can See? It All Comes Down to Assumptions

Is the federal budget heading for unsustainable deficits or unsustainable surpluses?

It all depends on the long-term assumptions. 

Moving On From the Budget Fantasy League

Opening Day for the baseball season has come and gone in Washington but for the budget season it comes on Wednesday, when the President officially unveils his Fiscal Year 2014 proposals. Will he get a hit or be sent back to the bench?

Early indications are that he will at least put the ball in play, and that’s a promising start.