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By returning to Christian roots, the nation can achieve greatness once again
Topic - Douglas Holtz-Eakin
One casualty of the government shutdown is that key agencies no longer are producing exactly the kind of budget information on deficits, spending and the economy that could help inform Congress as it debates just those issues.
The White House said this week that passing the immigration bill will help boost Social Security — a claim that gets at the heart of the immigration debate and whether it's good for the economy or not.
Much of the fight over illegal immigration isn't about immigration at all, but rather over the generous social safety net that has sprung up in the past five decades, and which has proved to be a major sticking point in voters' minds as Congress contemplates a legalization.
President Obama's budget request to Congress on Monday will forecast a deficit of $1.33 trillion in the current fiscal year and calls for $1.5 trillion in tax increases over the next decade, senior administration officials said Friday night.
Republican presidential candidates are pledging to slice a quarter or more out of the federal budget — proposals that would take spending back to levels unseen in decades, and would require the equivalent of axing a major program such as Medicare or cutting the entire defense budget.
Democrats seem obsessed with finding new and inventive ways of robbing Peter to pay Paul. President Obama and congressional Democrats want to extend large rebates now required on drugs sold through the Medicaid program to prescription drugs used by "dual eligibles" - that is, seniors who qualify for Medicare and Medicaid - as well as seniors who are eligible for low-income subsidies under Medicare's Part D prescription drug program.
Despite President Obama's promises to lower the deficit and rein in spending, there was a conspicuous omission from his 2012 budget blueprint that many say would go a long way toward easing the nation's financial woes: Social Security reform.
While Democrats and Republicans say they are ready to begin filling in the nation's deep borrowing hole, budget hawks remain skeptical of lawmakers' ability to fulfill their vow, given that many of them did the digging in the first place.
President Obama on Thursday will announce fewer budget cuts and for a lesser dollar amount than President George W. Bush did in his final budget - and is counting on being able to eliminate some programs that his predecessor repeatedly tried, but failed, to slash.
"Raising the minimum wage is a bad idea because it harms job growth and it hurts the ability to hire workers, and that impact will differ depending on the local work markets," said Douglas Holtz-Eakin, president of the American Action Forum. "What we will see most likely is a big impact on retail trade and people working behind commerce and in restaurants. Places where low-skilled workers who dominate the minimum wage debate tend to be hired."
"We don't know what the future of exchange insurance will be," said economist Douglas Holtz-Eakin, president of the American Action Forum, a center-right public policy institute.