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The President’s press conference: climate change
Why does the President not say "climate change?" Will the House cap-and-trade bill create millions of new jobs in America -- jobs that can't be shipped overseas? Will the nation that leads in the creation of a clean energy economy lead the 21st century's global economy? Who really pays for a cap-and-trade bill?
Demographics is a bigger problem than health care costs
The rapid growth of per capita health spending in the U.S. is a critical policy problem that needs to be addressed. It is not, however, the primary driver of our federal budget problems over the next 30-40 years. The aging of the population is. Policy changes need to address both pressures to prevent an eventual fiscal meltdown. We must not ignore demographics.
Director Orszag’s 10th year test and the health spending gap
The President and his Budget Director Peter Orszag argue they are being fiscally responsible when they support a massive new health entitlement. But combining Kennedy-Dodd with all of the President's proposed Medicare and Medicaid savings would make America's long-term entitlement spending problem much worse than under current law.
Working in Congress: Barking at the ref
Congressional Budget Office Director Doug Elmendorf is doing a great job informing the economic policy debate in a rigorous and unbiased matter. He and the CBO staff face a test similar to that faced by CBO under Dr. Reischauer during debate on the Clinton Health Plan. They have so far withstood the pressure with aplomb, but the real pressure is just beginning.