State Crisis are Spilling Over

From the NY Times...

read in full

Report: Revenue Reducitons Harming Children

The Every Child Matters Education Fund recently released a report on the effect of federal revenue reductions on children.

read in full

Long-term fiscal imbalance

Jagadeesh Gokhale and Kent Smetters argue that short-term deficit projections are inadequate to address the growing fiscal imbalance in Medicare and Social Security. At the very least, the OMB should return to 10-year projections rather than their current 5-year horizon.

read in full

New Deficit Report from CBPP

An analysis of the new budget deficit estimates from CBPP:

read in full

$455 Billion Deficit

The White House Office of Management and Budget (OMB) recently projected that the US federal budget will see an unprecedented $691 billion deterioration in its budget situation -- moving from record surpluses of $236 billion in 2000 to record deficits of $455 billion in 2003. This paper outlines some of the basic characteristics of the current situation and places them in the context of recent history.

OMB Watch - Interpreting the Return to Budget Deficits

read in full

No Internet Sales Tax

States can't seem to catch a break...

Internet Taxation Effort Stalled (

More than three dozen states seeking congressional approval for their plan to tax all Internet sales may have missed their chance this year.

read in full

Federal Deficit Over $450 Billion

OMB today released its mid-session review, which updates budget and deficit projections.

The deficit is now projected to be $455 billion (4.2% of GDP) for FY 2003, and $475 billion next year.

read in full

Estate Tax Factsheet

Here's some information on the estate tax...

Download file

read in full

Budget Woes Trickle Down

"Hard-Hit State and Local Governments Say Bush and Congress Left Them to Make Cuts, Raise Taxes"

Interesting article in the Washington Post that links federal tax cuts to the state fiscal crises in Massachusetts.

read in full

Watcher Articles

There are five new budget articles in the current issue of The Watcher.

read in full


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