The National Debt: Factors Contributing to Growth and Decline
Debt / Economy / Fiscal policy / U.S. Domestic Policy

The National Debt: Factors Contributing to Growth and Decline

Our elections may be over, but our growing national debt remains. It is also approaching unprecedented levels—last year, it exceeded 100% of GDP for only the fourth time in history. The other three times were during World War II, when we were fighting a war on all seven continents. Yet the economy is recovering from … Continue reading

America / Economy / Fiscal policy / Gov. Officials / National Security / Politics / U.S. Domestic Policy

The Sequester

http://www.youtube.com/watch?v=w2i8KZtQRTI&feature=g-upl

That crazy bill our politicians refuse to address. Featuring economic policy experts Joe Minarik and Doug Holtz-Eakin. A video by Peter G. Peterson Foundation Interns Ben Gitis of American Action Forum and Kathryn Tinker of Committee for Economic Development.

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Economy / Fiscal policy / Politics / U.S. Domestic Policy

The Sequester: Why Lawmakers Need to Act Now

Remember that debt limit fiasco last summer? Its repercussions still haunt us today. In order to motivate congress to come up with a cohesive debt reduction plan, the law passed to increase the debt limit stipulated that if the “super committee” failed to pass a plan by November 2011, across the board cuts (referred to … Continue reading

Economy / Fiscal policy / Healthcare / Politics / Tax

Occupy entitlements! And the tax code!

By Will Portman The Occupy movement has brought income inequality to the forefront of the national political discussion over the past year, even if both the movement and the issue have faded in recent months. Occupy protestors are concerned about the growing wealth gap in the U.S., pointing to studies like the recent Congressional Budget Office … Continue reading

Economy / Fiscal policy / Healthcare / Politics / Tax

The Ryan budget vs. the Obama budget

By Will Portman Winston Churchill once said, “Americans can always be counted on to do the right thing… after they have exhausted all other possibilities.” House Budget Committee Chairman Paul Ryan (R-WI) cited the late British Prime Minister’s famous quote this week as he unveiled The Path to Prosperity, his budget for fiscal year 2013, arguing … Continue reading

America / Constitution / Fiscal policy / Politics

Is it too hard to amend the Constitution?

By Will Portman On Monday, I went to a talk at the Brookings Institution entitled “America’s Dysfunctional Politics: Is the Constitution to Blame?” Professor Sanford Levinson of the University of Texas School of Law discussed his new book, Framed: America’s 51 Constitutions and the Crisis of Government, which argues that the 225-year-old U.S. Constitution is … Continue reading

Economy / Fiscal policy / Politics

Trim the fat! Just not my fat

By Will Portman According to a recent Gallup poll, 76% of Americans think that most members of Congress don’t deserve to be re-elected. The same poll, however, showed that a majority of Americans, 53%, think that their representative does deserve to be re-elected. The mentality seems to be something along the lines of, “Throw the bums out! Just not … Continue reading