Marc Goldwein

Seems bad

Interest rates are still below the 2007 level, but much higher than recent lows.

CBO significantly raised its projections of the interest rate the government pays on its debt. This is a key driver of debt/gdp sustainability.

It also means higher interest rates on credit card debt, auto loans, mortgages, etc. And it means higher prices, since business investments cost more.

Whoa, did not know you could write a FUN story about CBO gamesmanship

(I think @marcgoldwein.bsky.social's metaphor might be my fave, but they're all pretty good)

Senate Budget Could Enable Unprecedented Deficit Increase | Committee for a Responsible Federal Budget 2025-04-04-The Senate’s proposed concurrent Fiscal Year (FY) 2025 budget resolution would allow policymakers to

@marcgoldwein.bsky.social 4/4/25 on #X
Read the full #BudgetHawks analysis here:
www.crfb.org/blogs/senate...

Permanent Ways & Means Bill Could Add $5.3 Trillion to Deficits | Committee for a Responsible Federal Budget 2025-05-13-The House Ways & Means Committee is set to

Rs wrote a tax bill that costs $3.9T. $4.8T in cuts - $1T in offsets (rounding).

but they turned off a lot of stuff early to make the costs look artificially small - even tho they’ll want to extend it.

if they extend the expiring provisions, it’s $5.3T in costs ($6.3T in cuts - $1T in offsets).

Ex-FDA chief says Biden ‘mishandling’ bird flu, urges swift action from Trump Former commissioner of the Food and Drug Administration (FDA) Scott Gottlieb and Luciana Borio, a former director for medical and biodefense preparedness policy at the National Security Council, wr…

Ex-FDA chief @scottgottliebmd.bsky.social says Biden “mishandling” bird flu, urges swift action from Trump thehill.com/policy/healt...

Always worth rereading George Washington’s letter to the Newport Synagogue.

The founders, as imperfect as they were, were so far ahead of their time.

founders.archives.gov/documents/Wa...

Happy 25th Anniversary to those who remember...