Blog: The Fine Print / Open, Accountable Government

BudgetBlog on Hiatus for Holiday: Happy Fourth Everyone!

Jun 27, 2008 by Adam Hughes*

Happy Fourth of July! Just wanted to let our loyal BudgetBlog readers know we're going on a short hiatus next week. With Congress heading out of town for a short summer recess and the upcoming Fourth of July holiday next week, the Fiscal Policy team is heading out of town in order to escape the heat for some well-deserved vacation. This means, though, that the BudgetBlog will be dormant next week. But don't despair. Craig and I will return in one short week on July 7 to continue to bring you all the news, gossip, information, and analysis on federal fiscal policy you've come to expect.

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GAO Report Finds Private Medicare Providers Prefer Profits Over Providing Better Service

Jun 26, 2008 by Craig Jennings

A recently released GAO report finds that (surprise!) Medicare Advantage providers predicted lower profit margins in 2005 than actually materialized.

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Everybody Needs to Pay Their Taxes...Everybody!

Jun 24, 2008 by Adam Hughes*

Our friends over at the Government Accountability Office released another great report a week or two ago concerning how Medicare providers (hospitals, nursing homes, and doctors) are failing to pay federal taxes to the tune of at least $2 billion a year. Findings from the report:

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Social Security Can Wait. Really.

Jun 23, 2008 by Craig Jennings

A "Brookings Alert" in my inbox this morning directs me to an op-ed by Brookings Senior Fellow Alice M. Rivlin and U. Mich Prof. John W. Kingdon entitled "Next President and Congress: Tackle Social Security First." Oy. I'm going to outsource this one to Shawn Fremstad over at Inclusion.

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House Passes UI Extension by a Two-Thirds Margin

Jun 12, 2008 by Dana Chasin

What a Difference a Day Makes Yesterday's suspension vote in the House to extend unemployment insurance benefits by at least 13 weeks fell short of the required a two-thirds supermajority by a mere three votes -- perhaps attributable to the eleven members who did not vote. This afternoon, the House voted again on the proposal as a stand-alone bill and, guess what? It passed precisely by a two-thirds, i.e., veto-proof, margin. As Speaker Pelosi mentioned in a statement following today's vote, the bill does not only help the nation's unemployed workers, but the rest of us:

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The Solution to Growing Unemployment: Free Trade Deals?

Jun 11, 2008 by Dana Chasin

Today, the Bush Administration issued a veto threat against H.R. 5794, the Emergency Extended Unemployment Compensation Act of 2008. Please read the following and see if you can spot the non sequitur:

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Fuzzy Wuzzy Was a Bear ... Market

Jun 11, 2008 by Craig Jennings

Wuzzy, Willie B. or Izzy a ... Recession? (click to enlarge)

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CBPP: Tax Extenders Need Comprehensive Review

Jun 10, 2008 by Craig Jennings

The Center on Budget and Policy Priorities has a helpful policy brief out today that runs through all the reasons the upcoming package of tax cuts -- popularly referred to as the "extenders" package -- should be offset. We couldn't agree with CBPP more. In their brief, they make four main points, the last of which is probably the most important:
  • Congress should pay for the tax extenders, as its budget rules require.
  • Arguments against applying PAYGO to the extenders bill do not withstand scrutiny..
  • The offsets in the House-passed bill are reasonable policy.

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Military Wages

Jun 9, 2008 by Craig Jennings

Congress has sent the president a bill that would, in addition to forcing free-riding federal contractors to pay payroll taxes, "allow soldiers receiving combat pay to have their money counted as income for the purposes of the Earned Income Tax Credit." (BNA email) I realize that we blow a lot of cash on the military, but does it strike anyone as odd that some Americans getting shot at in a combat zone in service of their country are paid so little that they qualify for EITC?

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Workers See Fewer Hours, More Weeks Unemployed

Jun 6, 2008 by Craig Jennings

As Dana noted in this morning's daily report, the unemployment numbers released this morning were bad enough to put unemployment insurance (UI) benefits extension back in play for the domestic spending section of the FY 08-09 war supp. But the past couple of weeks have seen the release of a couple of other data points that should increase concern among lawmakers that the U.S. labor force has come into sour times.

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