HBC Publications

  • The Budget Impact of The Second Continuing Resolution
    December 8, 2010 - The second continuing resolution [CR] for fiscal year 2011 is far more than a straight-forward, stop-gap spending bill. It is a sprawling, 423-page measure – with four “divisions” and 10 titles – that includes major policy changes, such as food safety legislation, well beyond the presumed intent to ... More
  • Fiscal Commission Statement
    December 3, 2010 - The Fiscal Commission has been a success. Due in large part to the leadership of the Co-Chairmen, Erskine Bowles and Alan Simpson, the Commission helped launch a critically important debate facing this country: how to get the Federal government’s fiscal house in order and ensure a prosperous future ... More
  • Expanded Views on Fiscal Commission
    December 3, 2010 - President Obama established the National Commission on Fiscal Responsibility and Reform on February 18, 2010 and appointed Erskine Bowles and Alan Simpson to co-chair it. The Commission was charged with “identifying policies to improve the fiscal situation in the medium term and to achieve fiscal su... More
  • A Long-Term Plan for Medicare and Medicaid
    November 17, 2010 - Our Goal The Medicare and Medicaid programs are currently the primary drivers of upward pressure on the Federal budget. We aim to show a path to achieving the Co-Chairs’ goal of containing the growth this program to GDP +1 percent and to demonstrate that Republicans and Democrats can come together t... More
  • The Bipartisan Case for Entitlement Reform
    October 13, 2010 - Political observers often refer to Social Security and Medicare as the “third rails” of politics: touch them and you die. This year is no exception. Once again, the political rhetoric has been dialed up to attack those advocating reforms to save these programs. Despite these politically motivated at... More
  • The Continuing Resolution for Fiscal Year 2011
    October 8, 2010 - On 30 September 2010, President Obama signed a continuing resolution [CR] (Public Law 111-242), a stopgap measure to provide temporary funding for Federal agencies through 3 December 2010. Although its total spending is roughly the same as the past year’s, the CR exploits two already-scheduled spend... More
  • Social Security: The Draconian Do-Nothing Plan
    October 7, 2010 - Social Security helps fulfill the promise of retirement security for millions of America’s seniors. Serving a critical component of the “three-legged stool” for retirement (along with personal investments and employer pensions), Social Security is in dire need of reform in order to make good on the ... More
  • The Budget Record of the 111th Congress
    September 29, 2010 - After 21 months of controlling both the White House and Congress, here is what the Democrats have done: Failed to Support Jobs and Economic Growth. More than a year-and-a-half after adoption of the $814-billion “stimulus,” job creation remains anemic and economic growth is slowing. Increased Spendin... More
  • The Impact of Looming Tax Increases
    September 23, 2010 - With a huge tax increase scheduled to begin in January, the debate has been turned upside down, distorting the picture of what is at stake – especially in light of the unprecedented deficits burdening the Federal budget. The way the subject is framed has created a bias toward higher taxes, and has c... More
  • The Small Business Jobs and Credit Act
    September 22, 2010 - As small businesses grapple with a sluggish economy, a 9.6-percent unemployment rate, mounting costs from the recently passed health care legislation, and tax hikes that could arrive on New Year’s Day, the administration and Congressional Majority have conjured what they consider a solution: a bill ... More

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