Focus on Budget and Debt

Focus on Budget and Debt

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On November 22, the Congressional Budget Office published an estimate of the impact of the 2009 Recovery Act.

On November 16, Senator Tom Coburn issued a report urging Congress not to cut the budget of the U.S. Government Accountability Office.

On November 15, the Office of Management and Budget issued a statement of administration policy regarding a balanced budget amendment to the Constitution.

Also on November 15, I posted a commentary that is highly critical of the balanced budget amendment, largely on grounds that the one proposed is unworkable.

On November 14, the Center on Budget and Policy Priorities published a study of past budget deals. It shows that historically they have been balanced and included tax increases as well as spending cuts.

Also on November 14, the Center on Budget and Policy Priorities published a study arguing that a balanced budget amendment to the Constitution is an ill-advised method of dealing with the nation’s fiscal problems.

In a November 14 commentary, the Federal Reserve Bank of New York reviewed the evolution of the federal debt limit.

In a November 12 commentary, University of Wisconsin economist Menzie Chinn was highly critical of the methodology in a study by the Phoenix Center for Advanced Legal & Economic Public Policy Studies showing that government spending has no effect on job creation.

On November 10, the Congressional Research Service published a report on the status of fiscal 2012 appropriations.

Also on November 10, the Center for Strategic & International Studies published a study on the national security implications of a balanced budget amendment.

I last posted items on this topic on November 15.

Bruce Bartlett is an American historian and columnist who focuses on the intersection between politics and economics. He blogs daily and writes a weekly column for The Fiscal Times.  Bartlett has written for Forbes Magazine and Creators Syndicate, and his work is informed by many years in government, including as a senior policy analyst in the Reagan White House. He is the author of seven books including his new book: The Benefit and the Burden.

Bruce Bartlett’s columns focus on the intersection of politics and economics. The author of seven books, he worked in government for many years and was senior policy analyst in the Reagan White House.