Myerson on Circuit City Layoffs

Harold Myerson comments in today's Washington Post about Circuit City's recent payroll reduction program:

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Treasury Posts Risk Matrix for Charities, Meant to Help Avoid Financing Terrorism

In May 2006 a Treasury Department official told the American Bar Association's Exempt Organizations Committee that it was developing a "risk matrix" for charities to help determine the threat of diversion of charitable funds to terrorist organizations. In response, a group of nonprofits, including OMB Watch, called on Treasury to seek public comment on the risk matrix.

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Expeditious Supplemental -- Fur Flies Fast and Furious

After both houses of Congress moved with close to record speed right before recess to pass the president's appropriations request -- the largest in history -- the president wasted no time in pushing everything back to square one by promising to veto whatever might emerge from conference once Congress returns from recess. Today, President Bush appeared to castigate Congress for wasting everybody's time by adding conditions to a funding bill:

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Robert Samuelson Is A Self-Righteous Fool

In an ongoing effort to define what exactly is so terrible about Robert Samuelson, fiscal policy columnist for Newsweek and the Washington Post, I present his latest "fun" column on the exploding behemoth of a entitlement crisis disaster. Mr. Samuelson now strikes a righteous, enlightened pose, and yet again fails to understand what is at issue. St. Samuelson speaks of vitueless baby boomers whose retirement may cost more money:

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Obstacles to Info on Earmarks Easily Overcome

A March 31 article entitled Transparency Takes a Hit by Robert Bluey of Heritage supports an idea we've offered below. The Congressional Research Service (CRS) produced thorough reports on earmarks in appropriations acts in FYs 94, 96, 98, 2000, 02, 04, 05, and 06, calculating the number and dollar value of earmarks originating both from the Executive Branch and from Congress. But last month, CRS suddenly decided to desist with these reports, citing reasons that defy comprehension. Per Bluey:

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Scientific Consensus on Smog Standard: Will EPA Listen?

Once every five years, EPA is required by law to revise the national standards for ground-level ozone, a.k.a. smog. As the agency prepares its revisions, another scientific body has urged EPA to tighten the standard. In a letter to EPA administrator Stephen Johnson, a group of 111 medical scientists called for tighter rules on smog, according to BNA news service (subscription). The scientists point out the current standard allows exposures which can cause serious adverse health effects.

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An Independent Call for an Independent Ethics Panel

In the first 100 hours of the current Congress, the House enacted a package of ethics and lobbying reforms that included banning members of Congress from receiving gifts and free meals and travel from lobbyists. About a month later, Speaker Nancy Pelosi (D-CA) tapped Rep. Michael Capuano (D-MA) to head up a bipartisan task force to explore whether to create an independent office to enforce House ethics rules. Capuano's findings are due May 1, but expected later that month.

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AMT Reform: Nothing "Minimal" About It

With Tax Day 2007 almost a week away, policy experts, legislators, and the media are examining the biggest anomaly in the U.S. tax code: the Alternative Minimum Tax (AMT). Aimed at the 155 richest families who paid zero taxes in 1969, the AMT failed to reach 2,824 untaxed rich families in 2003, while the numbers paying it topped three million.

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More on the Demise of Supply-Side Econ

To follow up Dana's post about the NYT's obit for supply-side economics, I want point you to a couple of related posts. First, Kevin Drum @ Washington Monthly: I got to wondering if serious supply-siders got tired of having their entire school of thought made into a laughingstock by today's endless parade of yahoos blathering mindlessly about how tax cuts always and everywhere magically increase revenue. Surely they find such childishness embarrassing?

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Encore for the OMB Earmarks Database

The next steps for the OMB earmarks database team are clear and easily accomplished -- moving quickly to add the FY 2006 earmarks to the database, this time including earmarks requested by the Bush administration. How easy would it be to do this? Well, a quick look at the Congressional Research Service memo of March 6, entitled "Earmarks in the FY 2006 Appropriation Acts," obtained by OMB Watch, suggests that it's already been done.

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