The Obama Deficit Reduction Framework...
Annie Lowrey's Ten-Year Balanced-Budget Plan

Greg Mankiw Jumps the Shark Yet Again...

Naughty, naughty. It is not good to quote people out of their context. Not good at all.

Bowles and Simpson on Paul Ryan:

While we are encouraged that Chairman Ryan has come forward with a serious plan, we are concerned that it falls short of the balanced, comprehensive approach needed to achieve the broad bipartisan agreement necessary to enact a responsible plan. The plan largely exempts defense spending from reductions and would not apply any of the savings from eliminating or reducing tax expenditures as part of tax reform to deficit reduction. As a result, the Chairman's plan relies on much larger reductions in domestic discretionary spending than does the Commission proposal, while also calling for savings in some safety net programs - cuts which would place a disproportionately adverse effect on certain disadvantaged populations. Nevertheless, by putting forward a credible plan, Paul Ryan has made a very constructive contribution to move the debate forward...

What Greg Mankiw says Bowles and Simpson say about Paul Ryan:

As I have pointed out before, a bipartisan group of ten former CEA chairs (including your humble blog host) has endorsed the Bowles-Simpson commission report as a starting point for dealing with the long-run fiscal imbalance. So readers might like to know that Bowles and Simpson themselves have called the Ryan plan a positive step...

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