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Last week the House passed legislation to replace most of the automatic spending cuts required in Fiscal Year 2013 with cuts to mandatory spending programs. The Budget Control Act requires the automatic spending cuts because the Joint Select Committee on…


Recent news indicates the economy’s overall growth rate has slowed and is falling short of expectations, with slower personal spending and weak job gains. This points toward the need for stimulative fiscal policy to encourage more private consumption spending, according…


Throughout this painfully prolonged economic recovery, economic developments as they are reported have often been confusing. They seem to send mixed messages about the best courses of action for fiscal policy. (more…)


History is filled with examples of governments that got into trouble by running up large debts, a phenomenon that is particularly appropriate to recall in early May. (more…)


The need for sweeping, long-term changes in the federal budget has been underscored by recent reports and other developments: A fresh warning on the unsustainable paths of entitlement programs, projections of another trillion-dollar-plus deficit this year, more unrealistic proposals in…


After last week’s recess, the House is expected to continue work this week on the Fiscal Year 2013 appropriations bills. The first of the bills, Commerce-Justice-Science, is scheduled to be considered on the House floor this week, and House subcommittees…


The House Budget Committee approved legislation yesterday to block most of the automatic spending cuts scheduled to take effect next year and also passed a reconciliation bill with savings intended to help replace the cuts. Because the Joint Select Committee…


SAN JOSE – As they weigh this year’s political campaign rhetoric about the federal budget, Californians will have an opportunity to try to improve that budget themselves in a community-wide federal deficit-reduction exercise Wednesday, May 9 at the San Jose…


Cinco de Mayo over the years has become a popular American excuse to overindulge on nachos and beverages served in salt-rimmed glasses, but it should also serve as a reminder about the severe consequences of incurring large national debt. Many people…


Bipartisan legislation to address waste and duplication in federal programs was introduced last week in the House and Senate. Sponsored by Senators Tom Coburn (R-Okla.) and Mark Udall (D-Colo.) as well as Representatives Jim Cooper (D-Tenn.), James Lankford (R-Okla.), and…


Senate Budget Committee Chairman Kent Conrad has proposed a sweeping fiscal reform plan based on the recommendations of a bipartisan majority of the President’s fiscal commission. The Concord Coalition applauds Conrad’s proposal, as it did a recent bipartisan plan in…


Budgets proposed by President Obama and House Budget Chairman Paul Ryan have received considerable attention in Washington this year. But both have serious shortcomings and lack bipartisan support. (more…)

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