CBO Releases December Monthly Budget Review

Overshadowed by the President's budget release, the Congressional Budget Office released its monthly budget review for December 2005 this past Monday. CBO estimates the federal government ran a deficit of $95 billion over the first four months of FY 2006. This is $15 billion less than the same period last year.

read in full

Watcher: February 8, 2006

Initial Analysis of the President's 2007 Budget CBO Again Finds Fiscal Policies Unsustainable Congress to Have Short Year; Appropriations Work Likely to Suffer Final Budget Bill Passed; Tax Bill Sent to Conference

read in full

Bush's Social Security Plan Rears Its Ugly Head

Despite providing the State of the Union address with its only truly funny section, President Bush's Social Security overhaul plan was barely mentioned during the speech. Bush proposed instead the classic "bipartisan commission" to put off real debate and most likely push the problem to someone else beyond his presidency. Yet the much publicized and thoroughly failed policies of Social Security privitization have not disappeared. In fact, they have been included in the FY 2007 budget release.

read in full

U.S. Government in Debt up to its Eyeballs

President Bush's FY 2007 budget released on Monday allocated $441.3 billion for interest payments on the debt during fiscal year 2007. That's a huge 39 percent increase over the $318 billion spent four years ago and a 25 percent increase from the $352 billion spent last year. The president's allocation is a 11 percent increase over last year's request.

read in full

Less Money for Big Bird in 2007

One of the more high profile budget cuts proposed by President Bush in his 2007 budget so far is a $53.5 million cut to the Corporation for Public Broadcasting (CPB), the largest cut President Bush has ever proposed. Similar cuts have been proposed in year's past, but have not been enacted by Congress because of broad bipartisan support for public broadcasting. With the budget squeeze even tighter this year, it may be increasingly difficult to stave off the cuts. The 2007 proposal would be a 13 percent real cut in the CPB budget. Reuters: Bush Seeks to Slash Public Broadcasting Funds

read in full

IRS Capitulates to Pressure; Will Notify Taxpayers Under Suspicion

Some good news was reported yesterday that was overlooked amid the chaos of the president's budget release. The IRS has annouced it will reverse its previous practice and begin notifying taxpayers whose tax returns are being "frozen" under suspicion of tax fraud.

read in full

OMB Watch Initial Analysis of President's FY 2007 Budget

Our initial analysis of the president's budget release is now available. This is just preliminary and there are many more aspects of the budget to comment on. Check back here often for additional updates and information about what's in the FY 2007 budget proposal.

read in full

PART: Finally, Someone Else Gets It

At OMB Watch, we're pretty accustomed to working on issues that go under the radar. Such has long been the case with PART, the White House's tool for assessing program performance (supposedly). We have been telling anyone who will listen that PART is a political tool, not a measurement of "results" or "effectiveness," which the White House uses to justify lousy budget choices and to send management signals to agencies that would take government programs in the wrong directions.

read in full

PARTly Sunny, PARTly Cloudy

With the release of the White House's budget submission comes, of course, the latest PART scores. In an effort to be tech-fancy, OMB created a new website, ExpectMore.Gov, to feature PART assessments. Only the homepage was working this morning, and now the pieces that are working are either not completely functional or spotty, taking you sometimes to data and other times to the 404-error page.

read in full

More on the Budget

President Bush's budget proposal can be found online at the Office of Management and Budget. For a Washington Post article summarizing the budget, see the article "Bush's $2.8T Budget Proposal Cuts Domestic Programs."

read in full

Pages

Subscribe to The Fine Print: blog posts from Center for Effective Government