Issue Brief posted November 12, 2013
Principles for the Budget Conference
For the first time in years, lawmakers have agreed to convene in a budget conference to reconcile differences between their respective budget proposals, as presented by House Budget Committee chair Paul Ryan (R–WI) and Senate Budget Committee chair Patty Murray (D–WA). The two chambers’ budgets differ wildly in terms of taxes and the size of government.
Working Paper posted October 24, 2013
Europe’s Fiscal Crisis Revealed: In-Depth Analysis of Spending, Austerity, and Growth
Edited by Salim Furth
Why would your time be well spent reading this special report on detailed economic data from Europe over the past half-dozen years? It is very simple: Washington must learn from Europe’s mistakes, or be doomed to repeat them.
Those who favor ever-increasing spending and loathe smaller government prefer to call any measures to…
Special Report posted August 20, 2013
Federal Spending by the Numbers, 2013: Government Spending Trends in Graphics, Tables, and Key Points
In 2013, federal spending approached $3.5 trillion and the deficit dropped to “only” $642 billion. Some are using this small improvement in the nation’s fiscal situation to avoid further budget tightening. But as the figures and graphics in this report show, this is the wrong conclusion to draw. Following four years of trillion-dollar deficits, the national…
Issue Brief posted August 2, 2013
Detroit’s Bankruptcy Marks the Tip of the Iceberg
Detroit’s recent filing for Chapter 9 bankruptcy protection would protect the city from its creditors while allowing it to restructure its debts. The proceedings that follow will, in many respects, set precedents for the swell of municipal bankruptcies that are likely to follow. Some of these precedents will be set through the courts, but federal policymakers have the…