The '01 - '03 Tax Cuts Are Expensive


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What's Right with Kent Conrad?

Despite his misguided suggestion that the Bust Tax Cuts for the wealthy be extended, Senate Budget Committee Chair Kent Conrad (D-ND) also believes that more spending in the short-term should trump policies to begin paring back the national debt.

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What's the Matter with Kent Conrad?

Has the sweltering DC heat gotten to Senate Budget Committee Chair Kent Conrad (D-ND)? I'm searching for an explanation for his recent statement that the Bush Tax Cuts for the wealthiest 2 percent of U.S. households be extended at a cost of about $150 billion (and be offset in subsequent years*).

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Another Decade Before Job Market Fully Rebounds

A new report by CEPR details the moribund job market noting that unemployment levels won't return to their pre-Great Recession levels for another decade.

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Bloch (Lightly) Sentenced

The travails of Scott Bloch are coming to a rather unsatisfying end.

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Corporations Are Loaded

Yet, somehow they just can't bear to part with their gains and put Americans back to work. And that's pretty much the reason a second round of economic stimulus (and lots of it) makes a lot of sense right now.

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A Diamond in the Rough?

There's much to criticize in President Obama's plan to cut non-security discretionary spending by five percent (of FY 2011 levels): That by the administration's own estimate, unemployment will be more than eight percent; that discretionary spending funds many important programs like providing nutrition to vulnerable children, protecting the public from lead-tainted toys and e. coli-tainted spinach, and putting police officers on the street; that there's mountains of unnecessary spending on security programs; and that over $1 trillion in IRS-administered spending will remain under the budget radar.

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Fiscal Responsibility Is More Than Just Cutting

Picking up the thread from yesterday, I want to expand a bit on this term "fiscal responsibility" that is bandied about so often. "Fiscal responsibility" is not simply setting arbitrary limits on federal spending for the sake of reducing the federal budget deficit. Rather, it is an assessment of the current economic and fiscal environments and a determination of an equitable deployment of national resources.

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Obama Requests Tool for the Wrong Job

President Obama has proposed to Congress "a new, expedited tool to reduce unnecessary or wasteful spending," lining up on the side of so-called fiscal conservatives to enhance the Executive's ability to force Congress to vote on measures that cut federal spending.

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