Facing Our Fiscal Challenges
Chad Stone Statement on January Employment Report
"Today’s jobs report is encouraging, but we should judge it against the overall sluggishness of the economic recovery and a persistently large jobs deficit that remains after 23 straight months of private-sector job creation. Payroll employment is still 5.6 million jobs short of where it was at the start of the Great Recession in December 2007, there are four jobless workers for every job opening, and long-term unemployment remains at an historic high level (see chart). Nothing in today’s report should deter Congress from moving quickly to enact payroll tax cut/unemployment insurance (UI) legislation that would extend the provision of temporary federal emergency UI compensation through the end of the year — without cutting benefits or imposing new barriers to receiving benefits." Read more
Related:
- Off the Charts Blog: Today’s Jobs Report in Pictures
- Chartbook: The Legacy of the Great Recession
- Video: Jared Bernstein Discusses the January Employment Report with Chad Stone
Proposed Budget Process Changes Would Mark Step Backward
Congress is considering this week a series of changes to the congressional budget process that proponents say will promote fiscal responsibility. CBPP has produced analyses of four of the bills that were passed out of committee last week, explaining why they would mark a step backward for the budget process:
- House Bill Would Artificially Inflate Cost of Federal Credit Programs
- “Baseline Reform Act” is a Step in the Wrong Direction
- Requiring Joint Budget Resolution Could Lead to Gridlock on Appropriations and Shift Power to the Executive Branch
- Biennial Budgeting: Do the Drawbacks Outweigh the Advantages?
- Blog Post: Reischauer "Strongly Opposes" House Bill to Inflate Cost of Federal Credit Programs
Georgia’s Health Care Failure
Tax Breaks to Expand Health Savings Accounts Did Not Expand Health Coverage
An approach to covering the uninsured that Newt Gingrich’s Center for Health Transformation (CHT) largely designed and heavily promoted to Georgia policymakers — and that Georgia adopted in 2008 — has failed to produce the promised results, new data show.Read more
- More:
- Health Analyses
New From the Center
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Off the Charts Blog Post: In Case You Missed It…
February 3, 2012
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Testimony of Jared Bernstein Before the House Committee on Education and the Workforce
February 1, 2012
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SNAP Is Effective and Efficient
Updated February 1, 2012
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Proposed Kansas Tax Break for “Pass-Through” Profits Is Poorly Targeted and Will Not Create Jobs
January 24, 2012
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Romney Budget Proposals Would Require Massive Cuts in Nondefense Programs
January 23, 2012
- More:
- View All
Center in the News
Romney’s ‘Very Poor’ at Highest in 35 Years as Safety Gaps Grow
Bloomberg
February 3, 2012
Mitt Romney and the Poor People’s Safety Net Myth
Daily Beast
February 2, 2012
Doing the math on Obama's deficits
Washington Post's WonkBlog
February 2, 2012
Romney Isn’t Concerned
New York Times
February 2, 2012
What Would It Take to Speed Up Economic Recovery?
US News
February 1, 2012
GDP Reax
The Daily Beast
January 27, 2012
New Figures Show Economy Improving — But Still Not Fast Enough
Talking Points Memo DC









