Blog: The Fine Print / Open, Accountable Government

Things Just Getting Worse for State Budgets

Dec 10, 2008 by Adam Hughes*

The budget situation in the states just keeps getting worse. The Center on Budget and Policy Priorities released another update to their analysis of widespread state budget shortfalls. The total is up to 43 states and the District of Columbia (up from 29 states and DC since CBPP last released an update of this report). It looks like things are continuing to get worse despite efforts by state governments to balance the books:

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When Borrowing Is Profitable

Dec 10, 2008 by Craig Jennings

The Budget Brigade occasionally registers its opposition to adding to the national debt on this blog. Not today.

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Huge Job Losses Show More Economic Pain Coming

Dec 8, 2008 by Adam Hughes*

On Friday, the Bureau of Labor Statistic reported the largest job loss numbers since 1974 as the economy lost 533,000 jobs and the unemployment rate pushed higher to 6.7 percent. This news, combined with last week's pronouncement that the U.S.

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Monthly Budget Review: November, 2008

Dec 5, 2008 by Craig Jennings

The Congressional Budget Office (CBO) has released its Monthly Budget Review for November.

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It's Now Officially a Recession

Dec 1, 2008 by Craig Jennings

It's felt like it for a while, but the Business Cycle Dating Committee of the National Bureau of Economic Research announced today that we are in a recession and it began in December 200.

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Happy Thanksgiving!

Nov 26, 2008 by Craig Jennings

While we here in the Budget Brigade are thankful that our respective alma mates are poised to clinch BCS bowl berths (hook 'em, Horns!), we are even more thankful that President Elect Obama has serious concerns about the current BCS system. That's change we can believe in!

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Friendly Advice

Nov 21, 2008 by Craig Jennings

When going to Washington to ask Congress for $25 billion to help you out of jam because your company is going bankrupt, it's probably best to leave the private jet at home.

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PAYGO in a Sour Economy

Nov 20, 2008 by Craig Jennings

House Majority Leader Steny Hoyer (D-MD) provides us with a teaching moment (BNA [$]):

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Orszag to head up OMB?

Nov 19, 2008 by Adam Hughes*

The National Journal has been reporting this week that current Congressional Budget Office (CBO) Director Peter Orszag is in line to head up the Office of Management and Budget in the upcoming Obama administration. Orszag formerly served as a senior economic adviser during the Clinton administration and held a post in the economics studies program at the Brookings Institution.

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Change We Can Believe In?

Nov 18, 2008 by Adam Hughes*

CQ published an infuriating article ($) this morning that explores Sen. Max Baucus' (D-MT) health care reform proposals, with a particular focus on whether those reforms will be implemented in a budget neutral way. Senate Finance Chairman Max Baucus, D-Mont., said Monday that he hopes to make sure a health care overhaul proposal he released last week is paid for over a 10-year period. But he left open the possibility that it would not comply with pay-as-you-go budget rules over five years, or perhaps at all.

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