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Economic Recovery and Other Uncertainties Are No Excuse For Failure to Plan a More Responsible Fiscal Course

Jun 7, 2010
There’s debate over whether the President’s fiscal commission should focus on total federal debt or just the part of the debt that is held by private investors and foreign countries. Either figure, however, is high by historical standards.No one can…
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Blogs

Budget Story Update

May 26, 2010
While we publish a weekly Washington Budget Report (sign up here), we wanted to direct your attention to some other budget items we are watching this week. (more…)
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Blogs

House Considers Extenders Bill Adding $167 Billion to the Deficit Over Five Years

May 24, 2010
The extenders bill that the House will consider this week is a timely reminder of why it is important for Congress to complete action on a budget resolution. A budget resolution continues to elude Congress, but there has been considerably…
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Blogs

Who should pay the costs of the oil spill? All of us, really.

May 10, 2010
A recent story on CNN-Money by Steve Hargreaves asks “What will BP really pay?” I think a more fundamental question to ask at this point is “What should BP pay? And should no one else?” As the story explains (emphasis added): (more…)
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Blogs

Another Rare April Deficit Underscores the Challenges Facing the Country

May 10, 2010
The federal government ran an estimated budget deficit last month of $85 billion, marking the second year in a row that there has been an April deficit. The government usually runs large surpluses in April as income taxes pour into…
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Blogs

The Bipartisan Fiscal Commission: What Defines Success?

May 10, 2010
The President’s bipartisan fiscal commission faces a high hurdle. It must find consensus among 14 of its 18 members to send a package of recommendations to Congress for an up-or-down vote in December.The difficulty of achieving such consensus in Washington’s…
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Blogs

Oil Spill Highlights Misguided Tax Policies That Promote Economic Inefficiency

May 10, 2010
The BP oil spill reveals the risks associated with oil production, risks that translate into large social costs that are not priced into the oil market. Diane Lim Rogers, Concord’s chief economist, notes that this is a classic case of…
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Blogs

Congress Extends COBRA and Unemployment Benefits, Considers Additional Jobs-Related Legislation

Apr 19, 2010
Prior to the April recess, the Senate failed to approve a month-long extension of unemployment and COBRA health insurance benefits. Upon returning, however, the Senate reached agreement on a two-month extension of the benefits. The House then approved the measure,…
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Blogs

Why the President Should Break His Promise on Taxes

Apr 12, 2010
I have never been a fan of the Bush tax cuts. I’ve always felt they were too costly, too skewed to the rich, and did too little to make the tax system more efficient. Concord also warned about the 2001 and…
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Blogs

Short-term support for the economy is not inconsistent with long-term fiscal responsibility

Mar 4, 2010
Perhaps the most difficult policy question Concord has been discussing with the public, the media, and members of Congress, is what to do about current large budget deficits given the lingering effect of a deep recession and projections for future…
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Blogs

What matters is “marginal” job creation and “marginal” deficit reduction

Feb 18, 2010
With today being the one-year anniversary of the American Recovery and Reinvestment Act of 2009 (more commonly referred to as “the stimulus”), and President Obama expected tomorrow to announce his Presidential commission for deficit reduction, I’m hearing a lot of…
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Press Releases

Concord Coalition Says CBO Projections Reaffirm the Need for PAYGO, Spending Caps and a Fiscal Commission

Jan 26, 2010
WASHINGTON -- The Concord Coalition said today that new projections by the Congressional Budget Office (CBO) reinforce the need for statutory pay-as-you-go (PAYGO) rules, tight spending caps and a bipartisan fiscal commission to recommend policy changes that would be given…
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