More Hope for the President's Fiscal Commission?

Sen. Tom Coburn (R-OK)

Yesterday, I happened upon a short post by Berkeley economist Brad DeLong in which he quoted from a recent Daily Caller article taking the temperature of DC insiders prior to the start of President Obama's debt commission. DeLong found Sen. Tom Coburn's (R-OK) comments about eliminating $300 billion worth of waste in Medicaid through the commission discouraging, as "[t]otal Medicaid spending this year is currently pegged at $280 billion." Notwithstanding his obvious mistake, I thought Coburn's comments were encouraging.

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The Economy is not the People

In a post questioning the feasibility of "pay[ing] off our debt" by only raising taxes on those earning more that $250,000, the Committee for a Responsible Federal Budget (CRFB) tragically confuses "the economy" with "people." The answer to their query, by the way, "can Only Taxing Income Over $250,000 Pay Off Our Debt?" turns out to be "yes, yes we can pay off our debt."

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Repubs on Fiscal Commission not Ruling out Tax Increases

Republican Leadership

An article in The Hill on Saturday provided a glimmer of hope for those of us keeping an eye on President Obama’s debt panel. According to the piece, “Republicans aren’t ruling out raising taxes or any other option for dealing with the country’s debt problem as they head into the White House fiscal commission’s first meeting,” which is scheduled for early next week.

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More Contractors Dying in Afghanistan, but Total Remains Elusive

Contractors Training Afghan Police Recruits

An article published Wednesday by ProPublica examines a recent Congressional Research Service (CRS) report on the government's insurance coverage of overseas contractors. Known as the Defense Base Act (DBA), the program is also the only tool for the government to keep track of contractor deaths in Iraq and Afghanistan. As ProPublica notes, the number of contractor deaths over the last six months is staggering, but, because DBA chronically undercounts fatalities, the true total is unknown.

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'Tax Freedom Day' is a Hoax

Celebrating Tax Freedom Day...

A recent report from the Center on Budget and Policy Priorities (CBPP) attempts to clear up some confusion about the average American's tax burden propagated by the Tax Foundation, a center-right tax policy joint.

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OMB Watch Releases Fourth Quarter Recovery Act Data

Over on Fedspending.org, our government spending database, we just updated our Recovery Act tab to include the fourth quarter 2009 recipient reports. Users can now search through reports from February through December 2009, and can sort, sift and download it to their hearts' content. And be sure to check out some of our pre-cooked searches, including congressional districts ranked by Recovery Act spending and a list of the top 100 prime recipients.

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Obama Calls for Review of Mine Safety Policy

In reaction to the West Virginia explosion that left 29 miners dead, President Obama called today for reform of mine safety laws and regulations and better enforcement of those regulations by the Mine Safety and Health Administration (MSHA). His remarks are available on the White House website.

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CEA: No, Seriously, the Recovery Act is Working

I feel sorry for the economists over at the White House's Council of Economic Advisors (CEA). Every quarter, they run the numbers and find that the Recovery Act is significantly helping the economy. Last quarter, the CEA found that the Act increased GDP between 1½ and 3 percentage points and created between 1½ to 2 million jobs. This time around they found that it created between 2.2 and 2.8 million jobs and raised first quarter GDP between 2.5 and 2.9 percent. In other words, the Recovery Act is pretty consistently helping the economy improve, and in fact its effects may be growing. But no one listens to them! It must be a frustrating job.

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Budget Resolution Looks like a 'Go,' but May be Less Than Desirable

The U.S. Capitol

A Congressional Quarterly article (subscription) published this afternoon puts to rest recent rumors that Congress won't enact a budget resolution this year, quoting Senate Budget Committee Chairman Kent Conrad (D-ND) that he has a "green light" from leadership to put something together. In his remarks, though, Conrad claimed he would produce an "aggressive budget" with deficit projections well below what the White House's budget proposal forecasts.

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The Freedom of Taxation

In a column in Forbes, heterodox conservative Bruce Bartlett questions the logic that more taxes equals less freedom.

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