According to Health and Human Services (HHS) Secretary Kathy Sebelius, the design of the Community Living Assistance Services and Supports (CLASS) program has basic flaws, but the bureaucracy will fix those flaws with hard work and deep thinking. Sebelius spoke on the CLASS program on Monday at a Kaiser Family …
The announcement last week by President Cristina Fernández de Kirchner’s government that Argentina intends to repay nearly $9 billion in official sovereign debt—a higher figure than it had said previously that it owed—to other member nations in the Paris Club could be seen as a step forward. But apparently it …
When now-House Minority Leader Nancy Pelosi (D–CA) was sworn in as Speaker on January 4, 2007, the national debt stood at $8.67 trillion. By the time Pelosi surrendered the gavel to Speaker John Boehner (R–OH) yesterday, the national debt stood at $14.01 trillion. At $5.34 trillion, that means Speaker Pelosi …
The report of the President’s Fiscal Commission is due today. As a stalemate appears increasingly likely, what appears to be an updated “chairman’s mark” to guide the commission’s discussions over the next several days was released. Like its predecessor, the report, puzzlingly titled “The Moment of Truth” (as if this …
Today marks the deadline for the President’s National Commission on Fiscal Responsibility and Reform to vote on a proposal to reduce the federal deficit and put runaway entitlement spending on a sustainable path. From the current looks of things, it is unlikely that the labors of the bipartisan commission will …
The President’s National Commission on Fiscal Responsibility and Reform is not set to release its final recommendations on how best to tackle deficit spending and entitlement reform until December 1. However, several of its members have already gone public with proposals to reduce runaway spending and put Medicare and Medicaid, …
