off the charts

You are here

A “Joint” Budget Resolution? More Harm Than Good

October 14, 2011

The House and Senate Budget Committees have held hearings in recent weeks on ways to improve the congressional budget process. Unfortunately, many of the proposed changes would do more harm than good — including a proposal to insert the President into the budget resolution process.

Capping War Costs Would Lock in Real Savings, Prevent Future Mischief

September 21, 2011

The recent debt-ceiling deal limited the Pentagon’s non-war funding — but not its funding for the wars in Iraq and Afghanistan. The President has now proposed to cap funding for the wars as well, and he counts $1 trillion in savings over ten years from doing so as part of his $4 trillion in total proposed budget savings. Some maintain that the $1 trillion in war savings are “phony” or a “gimmick.” We ourselves previously suggested that the savings should be reflected in the budget “baseline” rather than counted as part of the total savings a deficit-reduction plan achieves. Nevertheless, the President’s proposal itself is sound.

Chairman Ryan Can’t Have It Both Ways on Taxes and the Debt Limit Deal

August 5, 2011

We issued a paper Monday explaining why the debt limit agreement does not prevent the new Joint Select Committee from including tax increases in its deficit-reduction package. Since then, National Economic Council Director Gene Sperling has also written about why the Joint Committee isn’t constrained in this way. House Budget Committee Chairman Paul Ryan claims otherwise, but his argument isn’t consistent with the new law — or with claims he made about his own budget plan just a few months ago.

A Closer Look at Those Across-the-Board Cuts

August 4, 2011

I’ve written a short paper, which the Center issued today, that briefly lays out the major pieces of the debt limit deal and explains how the automatic, across-the-board cuts it potentially entails would occur.