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First Reactions to the Budget

February 26, 2009

President Obama's budget for fiscal year 2010 (beginning October 1, 2009) was released on February 26, 2009. Technically, the budget was due on the first Monday in February, but such a quick turnaround for...

The White House Fiscal Responsibility Summit

February 25, 2009

CED Research Director Joe Minarik was privileged to have been invited to participate in the Fiscal Responsibility Summit convened by President Barack Obama. The following is a summary of the...

Fiscal Responsibility Summit

by Joe Minarik February 24, 2009

The word "summit" was to some degree a misnomer for the White House event today, because this was not a gathering of decision makers tasked and empowered to change policy...

The Stimulus Conundrum

February 09, 2009

All Three Sides in Today's Stimulus Debate Are Off-BaseThe nation's most urgent priority right now, an economic stimulus package, is foundering. We have a three-sided - call...

Buying America Won’t Make Us Better Off

February 06, 2009

The Senate agreed Wednesday (February 4, 2009) to water-down the highly controversial ‘Buy America' provision of President Obama's stimulus bill. If the revised language of the bill means what it...

We needed a fiscal stimulus yesterday

December 15, 2008

The need for fiscal stimulus is clear. The unemployment rate is at 6.7 percent and rising. Some forecasts expect the unemployment rate to reach 9-10 percent in 2009. Under-employment, which includes those...