federal budget Archive

Sustainable Government

By James Schaefer.   In a recent Opinion piece in the Wall Street Journal (Tax Aversion Syndrome and Our Deficit Future), Peter G. Peterson writes about Congressional Budget Office projections that show the public debt rising from its current 60% of GDP to 233% in 30 years, and 500% in 50...
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Minus-three for Five

We noted with interest the President's recent directive to federal agencies to reduce the bottom 5% of their discretionary operating budgets for the current fiscal year (Obama, June 9, 2010).  Given that budget cutting in Washington usually means continuing to expand, but at a slower pace, this constitutes real progress. Of...
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Starve the Beast (of my choice, please)

by Michael Smith Last week, Robert J. Samuelson of the Washington Post penned a meaty column about the country’s fiscal outlook and the choices we face about the size and scope of government. It’s no surprise that a moderate conservative like Samuelson would tackle these issues, but until recently, a left-leaning...
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Friedman follow-up

by Michael Smith. Tom Friedman’s column from last week ruffled some feathers, evidently. Paul Krugman has come out to denounce warnings about Greece’s debt as fodder for “people who opposed health care reform and are itching for an excuse to dismantle Social Security.” I’m sure Friedman will be happy to learn that...
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Who do we want to be?

By James Schaefer Some years ago Claude Bristol wrote a book entitled, "The Magic of Believing".  It covers, among other things, the importance of personal responsibility---in our decisions about school,  our career paths, and our life goals.  It applies to our moral standards, our management of personal finances, and our management of debt. It...
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