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Budget

What Price Defense?

  • By
  • William D. Hartung,
  • New America Foundation
June 28, 2010 |

There's no question that President Obama's new National Security Strategy, released late last month, is an improvement over the "shoot first, ask questions later" approach favored by the Bush/Cheney administration. But it is not different enough.

Programs:

The Fiscal Crisis in State Government – And What Should be Done About It

  • By Linda J. Bilmes, Daniel Patrick Moynihan Senior Lecturer in Public Policy, Harvard Kennedy School
June 17, 2010

While the federal deficit captures the news headlines, there is a deep and pervasive fiscal crisis in state finance. This crisis is largely a result of the Great Recession, which has caused the steepest decline in state tax receipts on record. It is also a structural issue, resulting from unfunded retirement plans that are beginning to come due. With state spending accounting for one eighth of US GDP, this crisis has serious implications for economic recovery, for jobs and for the credit markets, where states and municipalities have borrowed nearly $3 trillion.

Can We Afford $100 Billion Jobs Bill?

  • By
  • Maya MacGuineas,
  • New America Foundation
June 4, 2010 |

Last Friday, the House passed and sent to the Senate a jobs bill that was scaled down in an effort to control the cost.

The American Jobs and Closing Tax Loopholes Act, which was originally projected to cost around $190 billion, would still cost more than $100 billion and add roughly $50 billion to the deficit. This does not include the tens of billions that will be part of a supplemental spending measure, which will deficit-finance war spending and other "emergency" measures.

Needed: A Plan for Predictability

May 26, 2010
(cross posted at Fox & Hounds Daily)

I was in Washington DC recently and spoke with a couple of venture capitalists who work in California. Each reported seeing other venture capital firms move employees out of our state.

The problem, they said, was that California had become too unpredictable.


The American Retirement Security Crisis: An Introduction

  • By
  • Lauren Damme,
  • New America Foundation
May 27, 2010

The Great Recession has battered pensions and home values, leaving millions of Americans facing an uncertain retirement. "But attributing this grim situation solely to the recession would be misleading," writes Lauren Damme.

Lessons from Portugal

  • By
  • Anne Vorce,
  • New America Foundation
May 24, 2010

Inspiration can come from the most surprising places.

Take Portugal, for instance. (Granted, there are major differences between the U.S. and Portuguese economic and fiscal situations.)

Joe Mathews, NBC Network Launch California Politics Blog

May 18, 2010

The NBC Network and Joe Mathews recently launched Prop Zero, a new blog focused on the state of California politics. Joined by political experts, reporters, and observers from across the state, Prop Zero offers the smart and relevant commentary needed to raise the level of political discourse and shine a light on new ideas throughout California.

Cassandra Schwarzenegger: I Told You So

May 14, 2010
(cross posted at Fox & Hounds Daily)

The message of Gov. Schwarzenegger's press conference this afternoon to introduce his revised May budget?

I told you so.

Schwarzenegger mentioned that the budget was bad but focused mostly on his argument that things might have been better if legislators had adopted his fiscal proposals over his seven years in office.


An Unworthy Budget That May Advance Two Worthy Goals

May 14, 2010
(cross posted at Fox & Hounds Daily)

It's guaranteed. No one is going to like Gov. Schwarzenegger's revised budget when it's released today, not even Gov. Schwarzenegger.

According to advance reports, it's likely to eliminate key health and human services programs and make deeper cuts than are wise, given the recession. It's a budget unworthy of California.

Avoiding a Government Debt Crisis?

Tuesday, February 16, 2010 - 9:00am

In December, the Peterson-Pew Commission on Budget Reform released Red Ink Rising - an approach to stabilizing the nation's mounting federal debt.

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