The Bowles-Simpson framework seems a plausible alternative to the current game of sequester-and-gridlock, Gleckman writes.
Spending cuts will begin to automatically take effect in two weeks, Harris writes, and allowing the sequester's automatic spending cuts to happen would be terrible policy.
The Senate Republicans balanced budget amendment contains a striking error, Marron writes.
The Republican’s biggest economic lie is that the budget deficit is, in Sen. Mitch McConnell's words, “the transcendent issue of our time,” Reich writes. The transcendent issue is jobs and wages, he adds.
Gale offers three reactions to the Congressional Budget Office's latest Budget and Economic Outlook. While we do not face an imminent budget crisis, Gale writes, the data in the Outlook imply that we are not out of the woods.
The income tax’s ever-narrowing base simply cannot support the nation’s spending demands, Gleckman writes.
Some on the left are defining successful deficit reduction too modestly, Penner writes, threatening to leave future fiscal policy perilously constrained.