Focus on Budget and Debt

Focus on Budget and Debt

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On August 1, the Congressional Budget Office posted an analysis of the budget deal agreed to by the White House and congressional leaders to raise the debt limit.

An August 1 Pew poll found that the public overwhelmingly views the budget negotiations in negative terms.

On July 28, the Tax Foundation published a study arguing that tax cuts should accompany deficit reduction.

In a July 27 commentary, Congressional Budget Office director Doug Elmendorf discussed the economic consequences of defaulting on the debt.

On July 27, the Joint Economic Committee of Congress held a hearing on how fiscal rules can restrain federal overspending.

On July 26, the Congressional Research Service published a report on the effectiveness of statutory limits on federal spending.

On July 26, the Office of Management and Budget posted a graphic explaining the origins of the national debt.

On July 26, the International Monetary Fund published a study of independent fiscal councils, which some people believe may help countries deal with their deficits by taking fiscal policy out of the hands of politicians.

And on July 26, the Senate Finance Committee held a hearing on deficit reduction options.

On July 20, the Congressional Research Service published an updated report on the history of debt limit increases.

I last posted items on this topic on July 28.

Bruce Bartlett is an American historian and columnist who focuses on the intersection between politics and economics. He blogs daily and writes a weekly column  at The Fiscal Times. Bartlett has written for Forbes Magazine and Creators Syndicate, and his work is informed by many years in government, including as a senior policy analyst in the Reagan White House. He is the author of seven books including the New York Times best-seller, Imposter: How George W. Bush Bankrupted America and Betrayed the Reagan Legacy (Doubleday, 2006).

Bruce Bartlett’s columns focus on the intersection of politics and economics. The author of seven books, he worked in government for many years and was senior policy analyst in the Reagan White House.