For Obama, Deficit Reduction Is the Goal; for the GOP, It Is Just a Tool

By: Monday May 6, 2013 10:23 am

President Obama and Congressional Republicans actually view concerns about the deficit in two different ways and that is what has prevented a deal. Obama for whatever reason actually thinks reducing the long term deficit should be important. He has put forward plans to include spending cuts and tax increases in order to achieve this goal. He [...]

Americans Care About Job Creation Not Deficit Reduction

By: Wednesday April 3, 2013 7:44 am

Overwhelmingly the American people think job creation, not deficit reduction, should be top priority in Washington. Not surprising, with millions of Americans unemployed or underemployed, regular people are far more concerned about a serious immediate problem rather than a possible future issue. A new Marist poll asked Americans if President Obama and Congress should prioritize creating [...]

Americans Value Protecting Social Security More Than Deficit Reduction

By: Friday March 22, 2013 9:08 am

While you might not think it from watching cable news the reality is that the American people overwhelmingly believe protecting Medicare and Social Security benefits is more important than deficit reduction. According to Pew Research, 55 percent think keeping Medicare and Social Security is more important than reducing the deficit. Only 34 percent of Americans [...]

The Three Huge Ifs in Obama Sequester Strategy

By: Wednesday February 27, 2013 11:15 am

As far as I can tell this is the entirety of the President Obama’s strategy when it comes to the sequester. The administration seems to be banking on the fact that once the sequester starts it will do real destruction to the economy. This destruction will get the public up in arms. That in turn [...]

When It Comes to Specifics, Spending Cuts Are Very Unpopular

By: Friday February 22, 2013 11:39 am

While some polls show that Americans in general support the vague idea of reducing government spending, when ask about specific programs, it’s a completely different story. According to Pew Research, foreign aid is the only program that a majority of Americans don’t want to see spending on increased or remain the same. From Pew: This [...]

We Shouldn’t Care About “Paying For” Universal Preschool

By: Wednesday February 13, 2013 10:47 am

As social investments universal preschool is a great idea. It not only produce positive social returns but real financial ones. Over the very long term universal preschool should result in higher taxes and lower safety net spending. Dylan Matthews looks at the expected financial returns and they are impressive. Heckman and his coauthors started from [...]

There Is No Money

By: Wednesday February 13, 2013 7:56 am

The great problem with President Obama’s State of the Union is that he has created a bizarre reality in which there is no money. This is a narrative that is not only going to continue to hinder our weak recovery, but also make new progressive spending programs impossible. In his speech Obama said the first [...]

President Obama Uses State of the Union to Feed Deficit Hysteria

By: Tuesday February 12, 2013 7:05 pm

While President Obama dedicated a significant portion of his State of the Union speech to deficit reduction is not totally unexpected, it is truly disappointing. Not only did Obama spend more time on the deficit than on any other issue, but he placed it at the begin of the speech and effectively labeled it the [...]

Obama Will Keep Pushing for Deficit Reduction

By: Wednesday January 2, 2013 7:58 am

The one major take away from President Obama statement about the tax deal last night is that his push for deficit reduction is not over. He still thinks the deficit is “too high” and he is going to spend a lot more time try to get a “balanced” deal to cut it farther. From Obama’s [...]

Raising the Medicare Age Is a Uniquely Terrible Idea

By: Thursday December 6, 2012 12:20 pm

There is probably no single policy being seriously discussed right now that is more idiotic than raising the Medicare retirement age. Not only would this benefit cut produce only modest savings for the federal government, but it would also do it in the most inefficient way possible. It would save the government money but by [...]

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