Weekend Editorial Roundup
Here are the highlights from this weekend’s editorials on fiscal and budget policy:
Economic Recovery Measures
House Passes Extensions, But Senate Will Wait Until After Recess
The House today passed a one-year extension of various tax breaks as well as expanded unemployment benefits until November on a 215-204 vote.
Up-Hill Drive for Spending Bills, But No Gas in the Tank for Paying for Them
Two massive spending bills that congressional leaders wanted to dispose of before hitting the road for Memorial Day have hit potholes as lawmakers
Translating Dr. Summers’ Econospeak: Are Budget Deficits Good or Bad?
Larry Summers gave a very interesting and thoughtful talk in Washington recently (May 24).
CBO Estimates the Effects of the Stimulus
CBO recently put out its quarterly estimate of the macroeconomic effects of the
Spending Cuts Make Good Offsets Too
The extenders bill the House is considering would cost $190 billion between 2010-2020. Only $56 billion of that would be offset.
‘Line’ Items: Getting Out of Town Edition
Heavy Congressional Workload Before Break – Congress has a busy week ahead before it leaves town for next week’s Memorial Day recess....
Papa's Got A Brand New Bill
Over the past few weeks, passage of an "extenders" bill has become the top priority of Congress.
‘Line’ Items: Deeming, Dreaming, Votes and Quotes
Little Resolve for Budget Resolution – Leaders in the House have yet to make a final decision on moving forward with a FY201