No sooner had Congress approved its fourth budget stop-gap measure in four months than lawmakers began talking about the need for a fifth one in February. On Wednesday the No. 2 Republican in the Senate, Majority Whip John Cornyn, raised…
When it comes to budget negotiations, many interest groups demand that certain items be considered “off the table” and exempt from any changes. The reality, however, is that everything needs to be on the table for both economic and political…
Policymakers in both parties often want to take credit for responsibly offsetting the costs of popular tax cuts or spending increases, but without actually making the hard choices necessary to do so. That would require higher taxes or lower spending…
Most people agree that current fiscal policies are unsustainable. It is thus a matter of common sense to require those who want to enact new tax cuts or entitlement expansions -- both of which would enlarge the structural deficit --…
