Beware of Policies and Legislation Based on the Generational Accounting Scam

By: Sunday October 12, 2014 4:03 pm

The Peter G. Peterson Foundation (PGPF) and its allied army of associated deficit hawks want the Congressional Budget Office (CBO), the General Accountability Office (GAO), and the Office of Management and Budget (OMB) to do fiscal gap accounting and generational accounting on an annual basis and, upon request by Congress, to use these accounting methods to evaluate major proposed changes in fiscal legislation.


Reminder: Executive Branch Can Delay Impact of Most Fiscal Slope Items

By: Wednesday November 14, 2012 8:30 am

I just want to add on to what Dean Baker says here. It’s not just that the people trying to hype the fiscal cliff as a scary, terrifying prospect shouldn’t be trusted given their track record. It’s that the short-term impact, say one month, of expiring measures really does approach zero.

Nate Silver Rumored for Treasury Secretary or OMB Head

By: Wednesday November 7, 2012 3:14 pm

Rumors are spreading this a.m. that the reality-based number cruncher at the New York Times, Nate Silver, may soon be appointed to a high position in the Obama Administration.**

OMB Issues Report on Sequestration: “Deeply Destructive”

By: Friday September 14, 2012 2:15 pm

The Office of Management and Budget has released its Congressionally mandated report under the Sequestration Transparency Act, designed to explain how the Obama Administration would execute the sequester, the automatic cuts to defense and discretionary programs supposed to hit at the end of the year.

Bid to Freeze Defense Budget Has Bipartisan Support

By: Thursday July 19, 2012 11:30 am

The House passed a bill yesterday that would force the Office of Management and Budget to detail how they would deal with the sequestration cuts that would trigger on January 1 if Congress takes no further action. While it has the added benefit of forcing the President to detail specific cuts to the federal workforce, which could theoretically get used in an election campaign, the bill had strong bipartisan support, passing by a 414-2 margin. Similar legislation passed the Senate as part of their version of the farm bill. So this is likely to get done. In fact, Harry Reid said he would consider a floor vote for it.

You Shall Know Our Velocity: Political Priorities Measured in Time Frames

By: Wednesday May 23, 2012 7:10 pm

You can pretty well judge priorities in Washington simply by a matter of speed. If issues sit out there forever without being addressed, the political powers that be don’t really care about them. If they get attended to right away, they must have a certain importance attached. And this isn’t about lip service, but follow-through. Two items exemplify this today.

A Dissenters’ Digest for April 15-21

By: Saturday April 21, 2012 6:00 pm

Dissenters’ Digest takes a look back at the week’s stories covering whistleblowers, watchdogs, and government accountability.

Administration: We Won’t Sign Any Appropriations Bills That Break Debt Limit Deal

By: Thursday April 19, 2012 6:45 am

I think Republicans have real vulnerabilities in this fight, which will play out over several months. John Boehner has no room to maneuver. He clearly cannot pass a budget or even a continuing resolution with his preferred cuts. And if he gives in to the White House and passes something at the $1.047 trillion level, he’ll lose substantial amounts of Republicans to his right. So far in his tenure, Boehner has not secured a deal that would require large amounts of Democrats for passage. But that appears to be his only option short of a shutdown.

Administration Meets With Industry Trade Reps Moments After Announcing Interagency Group on Fracking

By: Friday April 13, 2012 3:30 pm

I mentioned earlier today that the President issued an executive order to create an interagency working group to oversee hydraulic fracturing, the process used in extracting natural gas. This order creates no regulations on fracking on federal lands, or on the development of environmental and public health standards associated with fracking generally. It just coordinates the “Interagency Working Group to Support Safe and Responsible Development of Unconventional Domestic Natural Gas Resources,” between 13 different federal agencies and headed up by the head of the White House Domestic Policy Council.

Bill Daley Resigns as White House Chief of Staff

By: Monday January 9, 2012 2:10 pm

When Bill Daley was relieved of the Chief of Staff part of the Chief of Staff job, I thought he’d just end up as an appendage, a corporate bagman. But over the past several weeks, the White House has stepped away from the corporate-friendly pose they cultivated with the Daley appointment, and Daley became far less relevant. Today he resigned to join the reelection campaign.

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