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The Elmendorf Rule - The Washington Post
Keywords:
Krauthammer quotes Congressional Budget Office Director, Elmendorf, who said "we don't estimate speeches," when Elmendorf was asked about President Obama's April 13 debt plan speech. President Obama has failed to come up with specific ideas for debt reduction and not taken up any position on debt reduction, including removing tax expenditures as recommended by the President's Bowles-Simpson Commission report. Krauthammer says the President is using the discussion on debt reduction and the debt talks as a way to move forward with his reelection campaign. This President Obama has done by not putting forward any new ideas of his own or backing the ideas of the Bowles -Simpson Commission, and by putting Republicans on the defensive for coming up with any new ideas which may be unpopular. He calls the President's February 2011 efforts on debt issues a farce, and the April 2011 efforts empty, lacking any substantial specifics.
Raising the U.S. Debt Limit Ceiling in 2011
04/19/2011
Deficit reduction negotiations between the White House and the Republicans in July 2011.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
New York Times 10/20/2013
No Plan B if Debt Ceiling Not Raised
Wall Street Journal 05/18/2011
House rejects proposal to raise debt ceiling - The Washington Post
Washington Post 06/01/2011
New York Times 06/01/2011
Democrats and political deals over U.S. budget cuts in entitlements and Social Security- 2011-2013
07/07/2011
The negotiations between the Obama White House and Republicans in July 2011 on raising the debt ceiling for the U.S. Skepticism among Democrats about the nature of the deal the Obama White House is about to reach with Republicans. The New York Times in an editorial suggests the use of a constitution provision to avoid deep cuts. Lawrence Tribe, a constitutional scholar points to the weakness in this approach in an op-ed piece in the New York Times on the same day, July 8, 2011.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
Wall Street Journal 10/10/2013
Why Democrats Are Dug in on Shutdown Impasse
Wall Street Journal 10/14/2013
Budget Discord Simmers Among Democrats
Wall Street Journal 10/21/2013
Entitlement Cuts Divide Democrats
Wall Street Journal 07/08/2011
How Tweaking Benefits Would Work
Wall Street Journal 07/08/2011
The Bush tax cuts in 2010.
08/05/2010
In the face of rising deficits, and questions about the future solvency of Medicare and Social Security, there are questions about the Bush tax cuts which expire in December 2010 if not renewed. With high unemployment the consensus seems to be to leave the tax cuts in place for a limited period, and have serious conversation about taxes when a new presidential term begins. A Value added Tax has been suggested by Paul Volcker, similar to that in Europe.
Grouped Articles
The Wisdom and Folly of the Bush Tax Cuts
BusinessWeek 08/05/2010
New York Times 08/21/2010
Bush Tax Cuts: Now That's Rich
New York Times 08/22/2010
Why the Rich Donât Need a Tax-Cut Extension
New York Times 09/25/2010
Tax-Cut Vote Shows Democratic Divide
Wall Street Journal 12/03/2010
New York Times 12/02/2010
President Obama's U.S. Budget for fiscal 2012
02/10/2011
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
Obama's Budget: Something for Everyone to Hate
BusinessWeek 02/10/2011
Obama Budget Said to Trim Deficit by $1.1 Trillion
New York Times 02/12/2011
Budget Plan Marks Start of Long Fight on Spending
Wall Street Journal 02/14/2011
Voters Balk at Cuts Close to Home
Wall Street Journal 02/15/2011
The risk of an American government shutdown: Time to stop play-acting and spit out the tea
Economist 04/02/2011
The U.S. Constitution provision in the Fourteenth Amendment and the U.S. debt ceiling
07/07/2011
Constitutional scholar Lawrence Tribe says the President would be violating powers given to Congress on public debt if he were to ignore the debt ceiling by citing the constitution. Even if the issue was then resolved by the Supreme Court the damage will have been done as interest rates on U.S. debt would have jumped by then. Tribe quotes Justice John Marshall that "the constitution is not a panacea for every blot on the public welfare." And suggests that Obama's own words about the constitution's function being " to force us into a conversation" about the future," show that the direction to take is to go back to working out the debt ceiling agreement through talks.
Grouped Articles
We Cannot Pretend the Debt Ceiling Is Unconstitutional
New York Times 07/07/2011
The Elmendorf Rule - The Washington Post
Washington Post 07/09/2011
Mr. Obama’s debt deal advice: Give peas a chance - The Washington Post
Washington Post 07/12/2011
Wall Street Journal 07/12/2011
Debt Talks Reflect Tensions Between GOP Leaders
Wall Street Journal 07/12/2011
Budget Talks Beginning to Take On a Testy Air
New York Times 07/11/2011
Deficit discussions in the U.S. and revenue from taxes- 2011-2012
07/04/2011
Negotiations between the White House, Democrats and Republicans, to achieve major reductions and cuts in spending, and increase tax revenues by reducing tax expenditures. The discussions for an action plan on the U.S. budget deficit have reached an impasse with Republicans opposed to any tax increases.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Wall Street Journal 07/05/2011
New York Times 07/04/2011
New York Times 07/07/2011
Feldstein's proposal for a 2% cap on reduction in taxes from deductions and exclusions.
05/04/2011
Feldstein says its important to increases taxes not tax rates. And the the way to go is to follow the President's Bowles-Simpson Deficit Commission's proposal on tax expenditures. As it is politically difficult to eliminate deductions and exclusions he suggests another proposal- limit the reduction in taxes with a 2% of adjusted gross income cap on the reduction any taxpayer gets.
Grouped Articles
Raise Taxes, but Not Tax Rates
New York Times 05/04/2011
New York Times 07/04/2011
The Elmendorf Rule - The Washington Post
Washington Post 07/09/2011
Tom Keene Talks to Martin Feldstein
BusinessWeek 07/07/2011
Wall Street Journal 07/12/2011
Top Democrats laud GOP debt-ceiling move - The Washington Post
Washington Post 07/14/2011
U.S. President Obama's Deficit Reduction Plan in April, 2011.
04/13/2011
The budget deficit reduction plan proposed by President Obama in an address at George Washington University on April 14, 2011.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
Bob Woodward: The inside story of how Obama and Boehner negotiate - The Washington Post
Washington Post 09/07/2013
Budget Deficit Returns to Prerecession Levels
Wall Street Journal 10/16/2014
U.S. Racks Up Smallest Deficit Since 2007
Wall Street Journal 01/14/2015
Wall Street Journal 04/14/2011
President Obama, Reinvigorated
New York Times 04/13/2011
The failure of the Obama administration in 2011 to maintain a budget process that is open and transparent, with serious public scrutiny
07/09/2011
Linked Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
The Elmendorf Rule - The Washington Post
Washington Post 07/09/2011
Krauthammer is critical of the Obama White House for using debt reduction to advance its 2012 election campaign
07/07/2011
Krauthammer points to the lack of initiative by the Obama administration in debt reduction.
Linked Articles
The Elmendorf Rule - The Washington Post
Washington Post 07/09/2011
Negotiating the Debt Ceiling on a Knife's Edge
New York Times 07/07/2011
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