Relevant and even prescient commentary on news, politics and the economy.

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Fiscal Responsibility Summit: Guest List

…Ray LaHood Secretary of Homeland Security, Janet Napolitano Deputy Secretary of State, Jack Lew Treasury Department, Gene Sperling White House Chief of Staff, Rahm Emanuel OMB Director, Peter Orszag National…

A Warning to Obama, And to the Rest of Us

…income was due to the 2 months of recession in FY 2002. That year, according to OMB table 1.3, the gubmint collected 17.9% of GDP in taxes. I think its…

Excerpt from piece by Les Gara of Alaska

…Les Gara (D) is a frequent contributor to Mudflats. (Rdan here….bolding is mine…the special education budget was cut 60%…imagine that) Update: http://www.gov.state.ak.us/omb/08_OMB/budget/Enacted/HB_95_bill.pdf http://www.dailykos.com/story/2008/9/6/161910/4112/564/589298 It is possible the amount is more…

RPOs

OMB Watch notes: A House panel voted last week to tie the hands of agency regulatory policy officers (RPOs). The move comes in response to continued concern about President Bush’s…

Endocrines, excitoxins, and foresight

OMB Watch comments on a part of the new 2009 budget. In my opinion, any cuts in research in this area is cause for alarm. If anything, someone has to…

Cost benefit analysis and OIRA

OMB Watch has some strong views on current trends in federal agency regulation. Federal regulators commonly use cost-benefit analysis as a means for assessing one or moreregulatory policy options. However,…

The Source of Bush’s Budget Assertion

…contained in this OMB graph. According to the graph, Bush’s statement was (almost) correct. What explains the difference between the OMB graph and Kevin Drum’s figures? Part of the answer…

…“Federal receipts, outlays, surplus or deficit, and debt, selected fiscal years, 1939-2004” (http://w3.access.gpo.gov/usbudget/fy2004/sheets/b78.xls). Numbers for 2002-2004 are from the OMB, http://www.whitehouse.gov/omb/budget/fy2004/pdf/04MSR.pdf (See Table 7 for Revenue and Spending data, 2002-2004)….