Tag Archives: Congressional Budget Office
Previewing the Bad News That’s Likely to Complicate the Debt Ceiling Battle
The gorilla in the room may sleep soundly for the rest of July and August, but expect a foul temper when he wakes up in September. At that time, Congress once again haggles over our debt ceiling. Treasury Secretary Jack … Continue reading
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Tagged Budget Control Act, CBO, Congressional Budget Office, debt ceiling, Jack Lew, long-term budget outlook, Medicare, Social Security
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Testing Krugman’s Debt Reduction Strategy (And Finding It Fails)
Nike recently published a series of ads declaring “winning takes care of everything,” in reference to Tiger Woods’s recapture of the world #1 golfer ranking. The slogan went over with certain critics like an illegal ball drop. Many economists insist … Continue reading
