The recent deceleration in U.S. health-care costs appears to be at least partially structural, and not entirely due to a still-lackluster economy. That offers some hope that the slowdown will continue. Still, more needs to be done to encourage the trend.
David Stockman’s warning that the Federal Reserve’s quantitative easing is steering the world’s largest economy toward a crash is at odds with nine quarters of job growth, record stock prices and unprecedented corporate earnings, former fiscal and monetary policy makers said.
Alice Rivlin , a member of President Barack Obama ’s deficit-reduction commission, is trying to stir a debate over imposing a national sales tax to reduce the deficit as part of a plan that includes steep Medicare cuts and a one-year payroll-tax holiday to spark economic growth.
For years, Erskine Bowles and Alan Simpson pulled off a very unusual and very difficult trick: They managed to position themselves firmly in the political center even as their budget proposal was far beyond the boundaries of what either party was proposing.
The wrangling of President Barack Obama and congressional Republicans over the federal budget underscores a clash of core philosophies about how the economy works that supersedes any skirmish on taxes or spending cuts.
Nov. 16 (Bloomberg) -- Douglas Holtz-Eakin, president of American Action Forum, Alice Rivlin, senior fellow at the Brookings Institution, Michael Ettlinger, vice president for economic policy at the Center for American Progress, Josh Bivens of the Economic Policy Institute, and Alison Acosta Fraser of the Heritage Foundation, speak on a panel discussion at the Peterson Institute in Washington about U.S. fiscal policy and economic growth outlook. Ben White, correspondent for Politico, moderates. (Source: Bloomberg)