James Pethokoukis

America’s fiscal future

January 28, 2011

Here are two charts that give a good perspective on what the Congressional Budget Office thinks may be the likely U.S. budget path, not the baseline that the media focuses on:

Uh, yeah, Social Security does have a problem

January 28, 2011

And it is expertly outlined by IBD’s Jed Graham at the Capital Hill blog:

But the Congressional Budget Office forecast released a day later shows that the coming crisis has drawn one year closer — to 2017.

The tough job of cutting corporate taxes

January 28, 2011

President Barack Obama’s State of the Union speech delivered on an idea he’s been telegraphing for weeks: corporate tax reform. And there are hints the changes he will seek could be major. But some companies will lobby hard against losing tax breaks to pay for a rate cut. Turning even sensible proposals into law is no sure thing.