Reporting Deficit

The Washington Post ran a good article on the tax cuts and the deficit yesterday- lots of interesting quotes from credible folks with different opinions. Here's a great quote on the forces driving the lower deficit:

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OMB Watch Staff: Matt Madia

Regulatory Policy Consultant

Matt Madia joined OMB Watch as Staff Assistant in October of 2006 and began working on federal regulatory policy in January 2007. As a regulatory policy consultant for OMB Watch, Matt advocates for a transparent and participatory regulatory process that produces rules protective of the public, especially in the areas of food and product safety, the environment, and worker health, safety, and rights. He has appeared in national media outlets including The Washington Post, NPR, and NBC Nightly News

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Georgia Mailing Misleads Voters on Voter ID

A Georgia voter identification law was banned, yet the State Election board mailed out letters to voters informing them that they may need to show either a free Georgia voter identification card or a form of photo ID to vote in person. State Election Board Vice Chair McIver was under the impression that the mailing went out to 20,000, while the contents of the letter remained to be false, he became more concerned after finding out that in fact 200,000 voters received the letter.

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Congressional Tax Report Card from CTJ

Citizen's for Tax Justice has recently released a report card reviewing Congress' voting record on tax policy over the last six years. From the CTJ release: [The CTJ] Congressional Tax Report Card looks at the five key tax votes in the House and Senate that have produced major changes to the federal tax system, dramatically affecting tax fairness, revenues and budget deficits, plus one additional vote on an important recent tax bill that Congress narrowly rejected.

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Looking Ahead to the 110th Congress: What If? -- Pt. 1

Based on statements from policymakers, we are getting first glimpses of what Congressional fiscal policy might look like, if the Democrats capture one or both chambers in next month’s midterm elections. Potential House Speaker Nancy Pelosi (D-CA) has made clear that her top fiscal priorities will be:
  • passage of the minimum wage hike
  • re-adoption of the pay-as-you-go budget rules of the 1990s
  • a long-term solution to protect the middle-class from AMT creep
  • an extension of middle-class, but not upper-class tax cuts expiring in 2010

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2004 Voting Problems Remain

As the November election gets closer and closer, attention continues to focus on the problems surrounding the voting process along with various speculations about how this mid-term election will pan out. However, there is reason for such awareness. The Century Foundation, Common Cause and the Leadership Conference on Civil Rights have published "Voting in 2006: Have We Solved the Problems of 2004?" This report is a follow up to their report on the voting problems found on Election Day in 2004. Unfortunately, their study found that since 2004, not enough has changed.

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"Cheaper" Suburban Housing Isn't

The now-cooling housing market, which had been growing at rapid clip, priced a lot of housing outside the reach of many middle-class workers. Looking for affordable housing, a lot of families have opted to move further out into the suburbs looking for cheaper housing. This would seem like a solution to the problem of ever-increasing home prices. Maybe not (WSJ, $$): Moving to an area with lower housing costs often doesn't pay off for low-income Americans, according to a study to be released today by the Center for Housing Policy, a nonprofit research group based in Washington.

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Politics in Science: Soot Edition

A New York Times editorial on Saturday explains how--and perhaps why--EPA has once again ignored scientific experts in favor of politically expedient solutions:

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CBPP: Lame-Duck Trap

The Center on Budget and Policy Priorities has a paper out on the lame-duck budget cuts that are nearly a foregone conclusion. In September, Congress shifted $5.3 billion that Senate appropriators planned to devote to domestic programs to the defense and homeland security appropriations bills. As a result, $5.3 billion will have to be cut from other appropriations bills the Senate Appropriations Committee has approved — bills that largely fund domestic programs — when Congress reconvenes after the election.

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FY 2006 Interest Expense up 23%

Following up on a recent blog post by my colleague Matt on interest expense, I wanted to point out yesterday's report by the Treasury that the government's net interest payments on the national debt reached $226.6 billion in FY 2006, an increase of 23 percent over FY 2005. (See the Monthly Treasury Statement, Table 9.)

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