Notes from the Economy: Unemployment Insurance Claims

The Department of Labor released its weekly unemployment insurance claims data this morning. Initial and continuing claims moved slightly downward, from 445,000 to 432,000 and from 3,379,000 to 3,362,000, respectively. The four-week moving average of initial claims, however, ticked up from 438,500 to 445,750.

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McCain and Obama on Outsourcing Government

The Federal Diary column in the Washington Post this week asked each of the presidential candidates a series of questions related to the federal workforce. Both columns are worth a quick read if you want to learn more about the candidates (see McCain and Obama), but I wanted to highlight one question in particular. Joe Davidson asked each candidate, "Federal labor leaders complain that outside contractors perform jobs that should be done by government employees. Do you favor any suspension of contracting out activities?

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The Best Laid Plans

Over on Capital Gains and Games (a favorite blog of the Budget Brigade), budget guru Stan Collender and Pete Davis muse, in a couple of posts, on the presidential candidates' budget plans. They emphasize the point that, as much as they may want to implement deficit-increasing tax and/or expenditure plans, the market may have other plans. First, Collender reminds us that in the post-Reagan world, economic policy options were limited.

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Earmarks Declining? Not So Fast...

Taxpayer for Common Sense, the scrappy nonprofit that is fast becoming the go-to resource for all things earmarks, released a new analysis earlier this week showing that earmark levels have dropped slightly in the FY 2009 appropriations bills compared to last year. From the TCS report:

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CHN Hosting Prep Webinar on Census Poverty Data Release

On Tuesday, August 19, the Coalition on Human Needs is once again hosting a webinar to help advocates and analysts prepare for the release of annual data from the Census Bureau about poverty, income, and health insurance in the U.S.

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The $18 Trillion Mortgage

BudgetBlog reader and national debt aficionado Brooke A. fired up Excel (or maybe even OpenOffice.org Calc?) and calculated what a 30-year mortgage would look like on a $9.5 trillion loan -- a loan principle equal to today's national debt.

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More on DCAA Dysfunction

Government Executive's Robert Brodsky, who's been investigating and reporting on the internal machinations of DCAA, has obtained a series of internal DCAA memos. One of the memos betray a DCAA in "duck-and-cover mode" working to recover from a slew of criticisms leveled at the agency in the past month.

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Bush Administration Backs Off SCHIP Restrictions

The Bush administration announced yesterday that it will not enforce new requirements that would have made it more difficult for states to enroll children in the State Children's Health Insurance Program (SCHIP). USA Today reports that the administration will not be taking "compliance action" at this time on regulations that would have forced states to wait until children are uninsured for one year before being covered by SCHIP and also require states to enroll 95 percent of extremely low-income children in the state before expanding health care coverage to only somewhat low-income families:

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The Greater of Two Evils

I posted on Tuesday this week about a new report from the Government Accountability Office that shows a significant number of corporations are playing fast and loose with their U.S. tax liabilities.

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Effective Government

I'm going to reproduce the following post by Think Progress's Matthew Ygelsias, because he's right on about the effectiveness of government per se: some agencies/departments carry out their mission better than others. One of Megan McArdle's correspondents rants against the evils of the DC Department of Motor Vehicles before snarking " I can't wait for the government to take over our healthcare system."

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