off the charts
POLICY INSIGHT
BEYOND THE NUMBERS

In Case You Missed It...

| By CBPP
This week on Off the Charts, we focused on deficits and debt, Social Security, and state budgets and taxes.
  • On deficits and debt, Robert Greenstein discussed why tax reform that is revenue neutral — and thus doesn’t contribute to deficit reduction — would be a big mistake.  We highlighted his commentary on the threats that the next round of budget negotiations poses, especially to low-income people, and explained why further deficit reduction shouldn’t come entirely from spending cuts.  We also pointed to our new analysis on how much additional deficit reduction is needed to stabilize the debt and noted that program cuts far outweigh tax increases in deficit reduction to date.
  • On Social Security, Paul Van de Water debunked a recent claim that the program’s long-term financing challenge is much more serious than the official projections show.
  • On state budgets and taxes, Elizabeth McNichol listed four reasons why, despite recent good news, state budget troubles are not a thing of the past.
In other news, we released Robert Greenstein’s commentary on the next round of deficit negotiations, as well as papers on how $1.4 trillion in deficit savings is needed to stabilize the debt and how achieving further deficit reduction through spending cuts alone would harm the poor and middle class.  We also updated our backgrounder on the number of weeks of unemployment benefits available in each state, our chart book on the legacy of the Great Recession, and our guides to online services for key low-income benefit programs and state government SNAP websites. A variety of news outlets featured CBPP’s work and experts recently.  Here are some highlights: The Mostly Solved Deficit Problem New York Times January 10, 2013 How much more deficit reduction do we need? CBPP says $1.4 trillion. Washington Post, Wonkblog January 10, 2013 Unfinished business Akron Beacon Journal January 8, 2013 Next Round on the Deficit: Big Dangers Ahead for the Economy, the Budget, and Low-Income People Huffington Post January 7, 2013 The real deficit argument Washington Post January 7, 2013 Finished With Taxes? Not Even Close The New Republic January 6, 2013 For Obama, a Victory That Also Holds Risks New York Times January 3, 2013