The Less Partisan Part of the Glass

Bipartisan Task Force for Responsible Fiscal Action Is the federal fiscal responsibility glass half-full or half-empty? Let's look first today at the part of the glass that is half full -- something fresh and new. After all, when was the last time the administration has done anything, the Treasury Secretary has said anything, or Congress has considered anything comprehensively addressing the nation's long-term fiscal imbalances?

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SCHIP Update: House to Vote on Senate Bill

CongressDaily($) is reporting that House Speaker Nancy Pelosi will send to the floor the Senate-passed version of SCHIP renewal. Unless the House changes the bill, it can then proceed directly to the president's desk. If he carries out his threats, it will be vetoed. If the House does amend the bill, it will have to return to the Senate before it sees the president's desk, possibly delaying passage beyond SCHIP's September 30 expiration date.

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We here at the BudgetBlog would like to know what you think of our blog. Please take a moment to fill this short reader survey and give us your thoughts.

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What Do Americans Think About Inequality? Addendum

Studying public opinion on economic inequality can make you both hopeful and cynical. On the one hand, we sincerely don't like extreme and rising inequality, for uniquely American reasons. But on the other, we support legislation -the 2001 and 2003 tax cuts being most notable- that make society even more unequal. And we don't support a lot of legislation that would level the playing field.

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Greenstein Op-Ed Criticizes Samuelson's Sloppy Use of Poverty Data

You may recall a couple of weeks ago Bob Samuelson wrote a column blaming illegal immigration for the apparent lack of progress in fighting poverty.

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White House Enlists Cabinet in Budget Fight

The White House continues to push for budget cuts. Today's Washington Post: The White House in recent days told nearly a dozen Cabinet secretaries to send letters to Capitol Hill rejecting Democrats' proposed new funds for their agencies, escalating a confrontation between lawmakers and President Bush over domestic spending priorities.

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Right Doesn't Know What the Right is Doing

I don't know who to take less seriously, Grover Norquist or Robert Novak. Oftentimes, they agree, and appear equally ridiculous. But when they disagree -- or merely get their signals crossed -- it's not only amusing for its own sake, but allows for a comparative assessment of their analytic genius. Last week, we noted Mr. Norquist's rap against Rangel that the House Ways & Means chair "created, fed, defended ... a monster," the Alternative Minimum Tax. Norquist incoherently tries to depict Rangel as an AMT-loving Frankenstein, "defending [the] monster he helped create."

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SCHIP Expansion Update

CongressDaily($) is reporting that House and Senate leadership are making headway in agreeing to SCHIP reauthorization. ...the House will likely take up another children's healthcare bill next week, according to a House leadership aide. That bill is expected to stick closely to Senate-passed legislation that would add $35 billion to SCHIP... If the House picks up the Senate version, not only will the proposed level of SCHIP funding be $15 billion less than the original proposal, but Medicare provisions will be separated from the bill and have to be offered in an alternative venue.

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Krugman: Greenspan and Tax Cuts

Paul Krugman's take on how former Federal Reserve chairman Alan Greenspan gave a green light to the tax cuts he now calls irresponsible. When President Bush first took office, it seemed unlikely that he would succeed in getting his proposed tax cuts enacted. The questionable nature of his installation in the White House seemed to leave him in a weak political position, while the Senate was evenly balanced between the parties. It was hard to see how a huge, controversial tax cut, which delivered most of its benefits to a wealthy elite, could get through Congress.

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Lobbying and Ethics Bill Enacted

On Friday, President Bush finally signed the lobbying and ethics reform bill. OpenCongress has the story.

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