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Backward-Looking Federal Spending Target Isn’t the Answer

July 29, 2010

At its meeting yesterday, the President’s Commission on Fiscal Responsibility and Reform discussed imposing a numerical limit on federal spending as a share of the economy. One of the commission’s co-chairs has suggested capping spending and revenues at 21
percent of gross domestic product (GDP), the average spending level over the past 40 years. But as I explain in a new report, averages from the past aren’t a good guide for the future:

Don’t Let Deficit Concerns Derail Jobs Bill

May 19, 2010

Misplaced budgetary concerns are impeding major legislation that would create and preserve jobs, continue unemployment and health benefits for those who are out of work, and fix Medicare’s flawed payment formula for physicians for several years.

Dispelling Confusion About New CBO Letter on Health Reform Law

May 12, 2010

Has the Congressional Budget Office (CBO) just upped its cost estimate for the new health care law by $115 billion, as several media outlets are reporting? Not at all.

Unspinning the New HHS Actuaries' Report

April 23, 2010

Does today’s report from the Department of Health and Human Services actuaries, estimating that total national spending on health care will rise by 0.9 percent in the first decade under the new health reform law, mean that the law will not control health costs or will cause the deficit to explode? Not at all.