Category Archives: Budgets

One positive unintended consequence of Congress’ unwillingness to pass a regular budget

As Sean Lengell reports for the Washington Examiner, lawmakers seem less interested these days in securing one job that used to be coveted on Capitol Hill. Republican leaders this week named four incoming freshmen to the Senate Appropriations Committee — another sign the historically powerful panel is losing relevance and appeal among lawmakers. A spotContinue Reading

GAO: State and local government budgets in trouble

According to a new U.S. Government Accountability Office (GAO) report, state and local governments are going to have a tough time making ends meet.  GAO researchers wrote, One way of measuring the long-term fiscal challenges faced by the state and local government sector is through a measure known as the “fiscal gap.” The fiscal gapContinue Reading

Public pension reforms on the way?

Sean Higgins reports for the Washington Examiner that a new Republican-led U.S. Senate could instigate changes for state and local public pension programs. The incoming Republican majority in the Senate plans to pass laws that allow state and local governments to turn over their pension plans to the private sector. Sen. Orrin Hatch, who willContinue Reading

Prospects for ‘dynamic scoring’ of congressional proposals

Joseph Lawler of the Washington Examiner reports on some interesting comments from the head of the Congressional Budget Office. Congress’ official budget scorekeeper said Monday that it was up to members of Congress, not him, to decide whether to make “dynamic scoring” the norm for budget estimates. Douglas Elmendorf, the director of the Congressional BudgetContinue Reading

Leef’s latest Forbes column highlights Compact for America’s balanced budget goal

A day after Compact for America’s Nick Dranias outlined the group’s plan to pursue a streamlined path toward a federal balanced budget amendment, George Leef devotes his latest Forbes column to analysis of Dranias’ plan. Thomas Jefferson agreed that federal borrowing was dangerous. In a letter written to James Taylor in 1798, he stated, “IContinue Reading

Compact for America offers compact (no pun intended) process for producing federal balanced budget amendment

Roadblocks within the American constitutional amendment process have stymied those seeking a federal balanced budget amendment. But the head of the group Compact for America says his organization has found a way to streamline the process so that an amendment could be finalized within a year. Nick Dranias, CFA president and executive director, discussed theContinue Reading

The growing national debt problem

Alex Adrianson highlights in a Heritage Foundation “Insider Online” entry some disturbing information about federal government debt. The publicly held federal debt reached 74.4 percent of gross domestic product in 2014, which is nearly double its historic average of 38 percent. Romina Boccia’s “Federal Spending by the Numbers” reports that the more realistic projections showContinue Reading

New Carolina Journal Online features

Barry Smith reports for Carolina Journal Online on the McCrory administration’s long-range transportation plan. Sarah Curry’s Daily Journal focuses on the sources of N.C. government funding.