Columnists Fight Over Social Security

The Washington Post's Ruth Marcus has a column today on Social Security and fixing it. The column's more or less in response to this Paul Krugman column where he objects to addressing Social Security's projected shortfall now. If Marcus believes Social Security needs fixing, fine. But she should then devote far more columns to projected health care costs, which is an even bigger problem and demands greater effort to solve it, yet policymakers aren't really paying attention to it. This is what CBO basically recommends.

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WIC Budget Cuts in Omnibus Bill?

USA Today reports that funding for WIC, a nutrition program that mainly serves pregnant women and infants, may be in jeopardy. Half a million people could be cut from a nutrition program for low-income young children, pregnant women and recent mothers next year because prices and caseloads have risen since President Bush proposed his 2008 budget in February.

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Giving Up On SCHIP?

CQ (no subscription) is reporting that health care advocates are abandoning the SCHIP funding increase and asking for a one-year extension that maintains the level of service being offered now. Some states may not have enough money to provide insurance to everyone enrolled now if Congress doesn't do something soon.

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CMS Releases Plan To Make Medicare Payments More Efficient

The Center on Medicaid and Medicare Services (CMS), an agency in the US Department of Health and Human Services, just released a plan to make Medicare's payments to hospitals more efficient.

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New IRS Commissioner To Be Nominated

The White House announced last week that it has plans to nominate Douglas Shulman to be the next IRS commissioner. It's now been about 6 months since the last commissioner, Mark Everson, left that post, which seems like a long time for such an important agency. Shulman is now the head of a financial industry group, so I'd assume, given no contradicting evidence, that that's where his sympathies lie. The Senate must confirm his nomination.

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President Bush's Budget Tantrum

Today's New York Times editorial, Faux Fiscal Discipline, makes an important point. As a candidate in 2000, George W. Bush boasted that, after accounting for inflation and population growth, he'd exercised fiscal displine as Governor of Texas. By his own standard, then, when "adjusted for inflation and population, Congress' proposed increases amount to zero." And yet he has seen fit to issue veto threats against every congressional spending bill that does not cut spending in real terms as much as he proposes. The editorial concludes:

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Watcher: November 20, 2007

Take a look at the articles on fiscal policy from the latest edition of our e-newsletter, The Watcher. White House Attempts To Entrench PART At Federal Agencies

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Heck of a Job FEMA

Last week, the Washington Post reported on more bad news coming out of FEMA. According to a Government Accountability Office report, FEMA has wasted over $30 million in contracts for housing (read: trailers) in the last year. Wow!

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There's Enough Money For The War and Defense Employees

Via Think Progress, the White House is threatening to furlough Defense Department workers unless Congress funds the war in Iraq with no strings attached for a complete year. They're claiming that they have to move money out of employee compensation to fund the war because the President's war funding request has not been enacted.

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Some Good Books

Nobel-prize winning economist Paul Samuelson (no relation to Robert) has an op-ed in the international herald tribune today advocating increased government intervention in the financial sector.

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