Tag Archives: Budget

Use-it-or-Lose-it Budget Rules

From Jeff Liebman and Neale Mahoney, summarized by NBER’s Laurent Belsie: IT projects that were procured in the last week of the fiscal year were between two and six times more likely to have a lower quality rating. Federal agencies spend an … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment

Is it too late to get an arborist into the budget negotiations?

From Austan Goolsbee: Most of us watching the looming budget showdown do so with a sense of dread. The last one left congressional approval at 9%, the president’s popularity at a new low, and consumer confidence at levels not seen … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

The battle over the US budget is the wrong fight

From Larry Summers: This month Washington is consumed by the impasse over reopening the government and raising the debt limit. It seems likely that this episode, like the 1995-96 government shutdowns and the 2011 debt limit scare, will be remembered mainly … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

Shrinking Revenue Offers

Jared Bernstein has a nice, but depressing chart on various revenue offers between Obama and Boehner.

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

Top Economists on Ten Year Budget Plans & Long-run Fiscal Sustainability

See here for survey results

Posted in Uncategorized | Tagged , , , | Leave a comment

Thoughts on the California/SF Tax Related Propositions for Tuesday

San Francisco – Proposition E: replaces SF payroll tax, which is based on the number of employees, to a gross receipts tax Favor: the payroll tax makes hiring people more expensive (since employers have to pay more taxes for every new … Continue reading

Posted in Uncategorized | Tagged , , , , , | 2 Comments

How much higher would taxes have to be to fund all state and local pension promises? ~1,400 per household per year

Robert Novy-Marx and Josh Rauh have a new NBER working paper out that suggests that filling the pension gap for state and local governments costs roughly ~1,400 per household every year.  We calculate increases in contributions required to achieve full … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

Stunning “Market Share” Growth of US Health Care Spending since 1962

Source: OMB Historical Tables 16.1. HT to David Wessell who shows this graph in Red Ink, which is a nice quick read

Posted in Uncategorized | Tagged , , | 1 Comment