President Obama’s Fiscal Year 2012 budget is not a bold policy proposal. It is an oddly complacent budget for a situation that requires anything but complacency.Faced with a growing chorus of warnings from official and unofficial sources that we are…
In a marathon session, the president’s fiscal commission heard suggestions late last month from dozens of organizations and individuals on how to fix Social Security, improve the tax system and tackle other difficult challenges facing the country.The bipartisan commission is…
I. Policy Proposals - Relative to What? Three times every year the Congressional Budget Office (CBO) produces a "baseline" of its budget outlook for the coming decade. As described by CBO, the baseline represents its "best judgment of how the…