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Can the Republicans Really Pull Off $100 Billion in Cuts?

02.11.2011

Well, that was quick. Rather than risk a mutiny, House Republican leaders have agreed to now cut $100 billion from the $1.1 trillion federal budget, rather than their original plan of a mere $40 billion. The question is: Can they pull it off? And if they do, will they come to regret it? Yesterday, I…

The New Centrism

02.11.2011

I don’t do much politics, but I feel like I have to say something about the demise of the Democratic Leadership Council, which helped bring Bill Clinton to the Presidency in the early 1990s. A lot of writers have interpreted the end of the DLC as the end of centrism, and a sign that Washington…

Framing the Fiscal Battle

01.03.2011

Republicans are convinced they have a mandate to cut government down to size. That’s hard to do when you only control one House of Congress, and harder still when your fiscal plans are fraught with internal contradictions. It’s not even clear, for instance, what Republicans really want to accomplish. Senator-elect Kelly Ayotte, delivering the GOP’s…

The Remarkable Inability of Americans to Support Their Deficit-Cutting Aspirations

12.15.2010

In the latest Washington Post-ABC poll, released today, contains a remarkable though not surprising finding. Americans may profess to be deeply concerned about the budget deficit. But when it comes to solutions, not a single one of the nine major proposals to cut the federal budget receives majority support. The same disconnect jumps out from…

Debt Commission Rises to the Occasion

12.04.2010

President Obama’s deficit commission fell short today of the 14 votes necessary to submit its debt reduction plan to Congress for a vote. Don’t believe for a moment, however, that the commission has failed. On the contrary, co-chairs Erskine Bowles and Alan Simpson have forged a bipartisan majority for a plan that creates the basic…

A Deficit of Common Sense

11.18.2010

‘Tis the season for deficit commissions. The past week has brought not one, not two, but three stabs at solving America’s looming fiscal crisis. And just yesterday, the Brookings Institution hosted a panel discussion on “The Politics of Entitlement Reform and the Budget Deficit,” featuring a murderers’ row of budget experts across the ideological spectrum.…

To Oppose or to Propose?

10.06.2010

France, 15 of September, 2010. The Pension Reform passes in the National Assembly after months of struggle. The obstruction instigated by the left parties leads to one of these cinema-like scenes when the right-oriented President of the Lower House (Bernard Accoyer) decides to suspend the debates, prompting call for his resignation by the Socialists –…

The Conservative Politics of Common Purpose

09.02.2010

The primary defeat of incumbent Alaska Sen. Lisa Murkowski (confirmed by her concession yesterday) by former judge Joe Miller is generally being interpreted as another scalp for the Tea Party Movement in its assault on Republicans deemed too moderate on this or that key issue. But there’s something going on a bit deeper, if you…

America in 2030: A Fiscal Portrait

07.26.2010

The Congressional Budget Office’s long-term budget forecasts on the national fiscal health are highly educated guesswork, but guesswork just the same. The 2030s are pretty far off, and the degree of forecasting uncertainty is higher than it once was. As CBO explains “the current degree of economic dislocation exceeds that of any previous period in…

Everything Should Not be on the Budget Cutting Table: The Case for Expanding Public Investment

07.16.2010

The International Monetary Fund recently scolded the U.S. government for running large budget deficits. Leaving aside the absurdity of cutting deficits when unemployment is still extremely high, it’s clear that at some point – as joblessness declines toward 5 percent – deficit reduction will need to begin in earnest. But the real question is how…

The Bunning Blockade Ends

03.03.2010

Sen. Jim Bunning (R-KY), who had held up Senate passage of a $10 billion short-term benefits extension for days, finally relented yesterday and allowed the measure to come for a vote. Bunning’s objection to unanimous consent to pass the package resulted in the elapsing of funding for a host of federal programs, including infrastructure projects,…

Grumpy Old Party

02.26.2010

If you are unemployed, or if you are one of the millions of people hanging on to cancelled employer-sponsored health insurance via COBRA, your life will take a turn for the more insecure on Sunday, thanks to Sen. Jim Bunning (R-KY), who wants to make a symbolic gesture about federal spending. Bunning is refusing to let…