One might think, given all the debate over tax increases and spending cuts and averting a “fiscal cliff” at year’s end, that the White House’s pursuit of a $4-trillion, 10-year solution suggests the government’s habit of deficit spending could be...
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Speaker of the House John Boehner, Senate Majority Leader Harry Reid, House Minority Leader Nancy Pelosi, and Senate Minority Leader Mitch McConnell emerge from the White House on Nov. 16, 2012.
Fiscal Cliff Deal No Deficit Solution
Photograph by Jay Reiter/MCT via Getty Images
Instead of costly institutional care, Medicaid pays for a nurse's aide, a speech therapist and a registered nurse for home visits.
Romney’s Dependence: Health Care?
Mitt Romney’s remarks about the 47 percent of Americans whom he says are dependent on government services revealed a gaping hole in his logic of dependence. Absent from Romney’s remarks, and from the reaction to them, is an acknowledgement of...
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Soldiers of the 4th brigade combat team 4th infantry division of the U.S. Army dispose of waste left by mortar rounds at the Forward Operating Base Joyce, in the Kunar province in Afghanistan on August 20, 2012.
Deficit Reality: Not DC Talking Point
To solve a problem requires knowing that problem: analyzing it, diagnosing it and then treating it. Yet when it comes to the deficit, Washington is woefully ignorant. A Bloomberg Government study, “What Really Caused the Mounting Federal Deficit”, provides a...
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Photograph by Ty Wright/Bloomberg
Corn production in the U.S. will drop 13 percent to a six-year low after the hottest July since 1936.
Washington Daybook: Clearing Skies
The severity of the worst U.S. drought in 56 years may be peaking, U.S. Agriculture Secretary Tom Vilsack said in an interview with Bloomberg News. Steadying weather conditions may limit food inflation next year and ease pressure to relax federal...
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Republican vice presidential candidate Rep. Paul Ryan at a campaign rally at the Waukesha County Expo Center on August 12, 2012 in Wisconsin.
Ryan Not Necessarily Gift to Obama
A narrative is quickly developing in Washington that former Massachusetts Governor Mitt Romney’s pick of Rep. Paul Ryan of Wisconsin as his running mate is a gift to President Obama. Ryan’s proposal to “end Medicare as we know it” seems...
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A rally at the Supreme Court to mark the second anniversary of the Citizens United v. FEC Supreme Court.
Super-PACs: Little From Corporations
The Supreme Court’s ruling in Citizens United v. Federal Election Commission may have overturned a century-old ban on corporations spending money on federal elections. Yet that 2010 ruling, which also spawned the creation of independent expenditure-only committees known as super-PACs...
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After the Supreme Court's decision to uphold the health care reform law's individual mandate in an opinion authored by Chief Justice John Roberts.
Intrade Bettors Lost on Health Care
Bloomberg Government’s David Ellis has a line on something here: “Turns out that crowds might not be so wise after all,” Ellis writes today. His story: The BGOV Barometer shows how subscribers at Intrade.com placed increasing wagers that the U.S....
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The U.S. Computer Emergency Readiness Team/National Cybersecurity and Communications Integration Center facility in Arlington, Virginia.
Cybersecurity Gov’t Spending Boom
Hackers, crackers and script kiddies take note: The federal government is spending to keep your prying fingers out of places they don’t belong. Cybersecurity contractors should pay attention as well. A Bloomberg Government study finds that cybersecurity spending during the...
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Photograph by Jim Wilson/The New York Times via Redux
Skateboarders in a pool behind a house in foreclosure in Fresno, California.
Housing Relief Holds `Wiggle Room’
What do public universities and litigation over faulty drywall have in common? Both have been deemed appropriate uses of money set aside for the states to help their citizens recover from the housing crises, according to a study by Bloomberg...
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Photograph by Sandy Huffaker/Corbis
Joblessness and the accompanying loss of health benefits drove an additional 3.7 million people into the Medicaid program in 2009, the largest single-year increase since the early days of the government insurance plan, according to an annual survey by the Kaiser Family Foundation.
Debt-Drivers: Baby Boom, Recession
There’s a lot of election-year finger-pointing over blame for the explosion of U.S. debt. It misses some of the biggest culprits: The aging of the Baby Boom generation and sluggish recovery from the deepest recession since the 1930s. The BGOV...
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