Budget

Good Morning State Budget!

Thursday, June 9, 2011 - 10:00am

A week before the constitutional deadline to pass the budget, Next 10 launched an update to the nonpartisan California Budget Challenge with an interactive budget workshop at Commonwealth Club. Participants learned about the most up-to-date budget solutions being proposed in Sacramento from leading experts and voted in real-time using instant-response clickers, creating a budget that reflected participants' priorities.
 
This event was co-sponsored by Next 10, the New America Foundation, and the Commonwealth Club of California.

Analysis of the 2011 Social Security Trustees Report

May 13, 2011

Today, the Social Security Trustees released their 2011 report on the financial status of both Social Security and Medicare. The reports make clear that both programs are on unsustainable paths, and reforms will be necessary to make them solvent. This analysis focuses on the financial status of Social Security.

The Fallacy of Union Busting

  • By
  • Phillip Longman,
  • New America Foundation
  • and Sylvester Schieber, independent consultant
May 13, 2011 |

If you are an informed, fair-minded person, chances are you feel at least conflicted about all the hard-knuckle attacks on public employee unions in Madison, Wisconsin, and other state capitols. While Governor Scott Walker's agenda was clearly much larger than balancing his current budget, there is no denying the magnitude of the pension crisis. Long predicted, it's finally here, and it's constricting the art of the possible in almost every state.

The Vigilante

  • By
  • Megan McArdle,
  • New America Foundation
May 10, 2011 |

In February 1993, as the fledgling Clinton administration grappled with the nation's budget woes, campaign adviser James Carville groused to The Wall Street Journal: "I used to think if there was reincarnation, I wanted to come back as the president or the pope or a .400 baseball hitter. But now I want to come back as the bond market. You can intimidate everyone." If Carville were serving in the Obama administration today, he'd be seeking reincarnation as Bill Gross.

How China Could Help Obama Win the Budget Battle

  • By
  • Peter Beinart,
  • New America Foundation
April 14, 2011 |

President Obama's budget speech was one part Obama, one part Clinton, one part China. The Obama part came at the end. It was a gesture toward recapturing the image he enjoyed between 2004 and 2008: As the guy who didn't hate and wasn't hated, the guy who could help red and blue America get along. "This sense of responsibility—to each other and to our country—this isn't a partisan feeling," Obama declared. "It isn't a Democratic or a Republican idea. It's patriotism."

How to Add Teeth to Obama’s Plan for a Debt Fail-Safe

  • By
  • Maya MacGuineas,
  • New America Foundation
April 29, 2011 |

In his recent it’s-time-to-get-serious-on-the-budget speech, President Obama introduced his idea for a debt fail-safe to, in his own words, “hold Washington — and to hold me — accountable and make sure that the debt burden continues to decline.” While budget trigger mechanisms

POLITICO Arena: Should States Be Allowed To Declare Bankruptcy?

  • By
  • Joe Mathews,
  • New America Foundation
January 27, 2011 |

This is an idea so terrible and without merit that one has to wonder if some of its backers are simply trying to make money by taking short positions on municipal bonds.

Analyzing the President's New Budget Framework

April 21, 2011

Last week, President Obama gave a speech outlining his plan to reduce the deficit and stabilize the debt in the coming years. This new budget framework was in many ways a revision of his February budget, and outlined $4 trillion worth of deficit reduction through 2023. This framework represents a positive step forward, both because of the substance of the deficit reduction and because it represents the President’s willingness to engage in negotiations to address our mounting debt.

The Sarkozy-Stiglitz Commission's Quest to Get Beyond GDP

  • By
  • Eyal Press,
  • New America Foundation
April 13, 2011 |

For years, Western journalists and commentators have depicted the continent of Africa as an economic basket case, a caldron of hunger, joblessness, corruption and despair where living standards have barely risen. Certainly the figures on gross domestic product, the standard measure of growth and income, suggest as much. Between 1960 and 1999, per capita GDP in the world’s more developed countries rose from $13,000 to $31,000. During this same period, it went from $477 to just $561—about $1.50 a day—in sub-Saharan Africa.

Does Anyone Actually Know How to Fix the Economy?

  • By
  • Michael Lind,
  • New America Foundation
April 19, 2011 |

What if all of the familiar sides in the current debate about the economy -- left, right and center -- fail to provide convincing plans? Sadly, it is easy to make the case that they do.

Four major positions are represented in the debate: supply-side conservatives, fiscal conservatives, neoliberals and progressives. The last three -- fiscal conservatives, neoliberals and progressives -- make valid and important points. But none has a persuasive vision of how to promote long-term American growth and equity.

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