James Pethokoukis

Freeze the (pay)day!

December 1, 2010

Here is a bit from my Reuters Breakingviews column on the Obama federal pay freeze:

The Obama debt panel’s vision in one chart

December 1, 2010

As you can see from the chart below, this plan — if you exclude interest savings — actually depends quite a bit on revenue as opposed to spending cuts — 45 percent to 55 percent. The UK austerity plan is more like 3-to-1 spending over tax increases. Of course, when healthcare is basically off limits, it kind of limits your options:

Final report of Obama debt panel

December 1, 2010

The final report, which won’t get the 14 “yes” votes needed to nudge Congress to consider it, from the Obama debt panel is here. And here is ┬áthe chart which shows what it would do: