…and how much would be other countries is an open question.” The OMB: The White House projected Friday that postwar Iraq will not require long-term U.S. aid, in part because…

…tax cuts have been far more effective than even the White House originally expected. The latest data from OMB show the 2004 budget deficit shrinking from a projected $521 billion,…

…and $200 billion. White House OMB Director Mitch Daniels was similarly dressed down in January 2003 for proffering a $50-$60 billion cost estimate.(*) Of course, Daniels was too optimistic and…

…this, with a bit of new information and a bit of new analysis. The result is that it’s starting to look like the OMB may have gotten something seriously wrong….

…When George W. Bush took office he was confronted with a looming $5.6 trillion surplus over the next decade (WN 9 Mar 01). OMB turned to fabled budget guru Elie…

…for Displaced Workers,” by Lori Kletzer and Robert E. Litan AB (*) Litan was on Carter’s CEA; under Clinton he was Deputy AG for Antitrust and then OMB associate director;…

More Deficit Data I just came across OMBwatch, another good site for those excited by data on federal revenue and spending. There, I found a page devoted to “Interpreting the…

…But surely, as a percentage of GDP, this is not so bad? So says incoming OMB Director Josh Bolten” “Furthermore, the current deficit — as a percentage of GDP —…

…combination of future tax increases, inflation, and higher real interest rates) have on the economy. To OMB’s credit, the article makes it look like they did factor in both of…

…(without including the war, and $75b higher than last OMB numbers I’ve seen)…”This dire predicament inspired the Committee for Economic Development, a nonpartisan business organization, to issue a report yesterday…