The Congressional Budget Office (CBO) has updated its January “The Budget and Economic Outlook: 2019 to 2029,” and to what should be no great surprise, the U.S.’s projected fiscal condition is, well, not good. To anyone monitoring the CBO’s economic and budget updates, this is really not news. Nor is the insistence of some that … Continue reading “I’m Shocked, Shocked To Find That Gambling Is Going On In Here”
Tag: budget policy
What’s PAYGO; And, First Cracks In Budget Deal Kumbaya
For those afflicted individuals like me who actually read legislation, one may have stumbled upon some intriguing language in the “Bipartisan Budget Act of 2019” (P.L. 116-37): Effective on the date of the enactment of this Act, the balances on the PAYGO scorecards established pursuant to paragraphs (4) and (5) of section 4(d) of the … Continue reading What’s PAYGO; And, First Cracks In Budget Deal Kumbaya
Budget Day, Part II
Too bad the budget wasn’t released in February this year, then Groundhog Day jokes would be a natural since the Administration will be released the substance of the budget request today a week after making a splash with its summary and other limited materials. Check here for the Appendix, Analytical Perspectives, Historical Tables, Supplemental materials … Continue reading Budget Day, Part II
Michael Kans 