…by COVID-19 relief measures. If we measure from the start of the new fiscal year on October 1, 2021, the debt has grown by over $6.69 trillion under President Biden….

…with societal preferences. This Fiscal Monitor focuses on how fiscal policy can help governments address high levels of inequality while minimizing potential trade-offs between efficiency and equity. It documents recent…

…responsible for the fiscal gap—the magnitude of the reduction in the primary deficit needed to stabilize the debt ratio over the long run.29 The current fiscal gap is roughly 2.4 percent…

…dependency ratios are expected to continue to exert pressure on the US fiscal situation for the next three decades. However, the long-run fiscal outlook will ultimately depend on a range…

…with the Bush tax cuts that seems totally crazy given what we say our fiscal policy goals are for both adequately supporting the (still fragile) short-term economy and better encouraging…

…economy against reckless fiscal policy Congress will have no incentive to avoid reckless fiscal policy. … lay out a plan for medium-term fiscal consolidation but keep short-term cuts small and…

…itself would solve much or all of the fiscal problem. If there’s still a fiscal problem after that (and there might be, I realize), then consider a VAT – but…

Bruce Bartlett’s post on his NYTimes blog last week highlighted the long-term fiscal problems faced by the US. He mentioned that his preferred solution would be to impose a national…

…been saying that since the early days of the Bush administration, you were unpleasantly shrill. Sully’s response was: My criticisms of the Bush fiscal policy began very early and were…

…and introducing a national value added tax…The report described U.S. President George W. Bush’s fiscal 2005 budget plan as providing a “welcome shift in policy emphasis towards fiscal consolidation.” The…