Tag: center for budget and policy priorities

Sequester, Bob Woodward And Other Craziness
ecthompsonmd March 1, 2013

So, we are in the post-sequestered era. What happens now? First of all, let’s deal with the craziness. The Obama administration has been accused of threatening legendary journalist Bob Woodward. I think that this falls into one of the common themes facing Barack Obama – he’s from Chicago. Because Barack Obama’s from Chicago he must be part of the Chicago, “rough-and-tumble” political machine. Yet, we’ve seen no evidence that Barack Obama plays politics this way (well, it may be an overstatement to say that we see no evidence). Personally, I doubt that the Obama administration has threatened any journalist, let alone

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Want to kill a fragile recovery? Cap federal spending.
ecthompsonmd April 18, 2011

Every now and then senators/representatives propose things in Congress that sound good but are really terrible federal policy. A new bill that proposes to Federal spending at 20.6% of GDP is exactly one of those bills. This sounds reasonable. But with 25% of our GDP currently dependent on federal spending this would mean drastic cuts to the federal budget. More from the Center for Budget and Policy Priorities: A prominent proposal by Senators Bob Corker (R-TN) and Claire McCaskill (D-MO) to limit total federal spending to no more than 20.6 percent of the Gross Domestic Product (GDP), which is attracting increasing

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We Need to Focus Our Priorities (re-posted)
ecthompsonmd March 23, 2011

Several months ago I wrote: Now the deficit guys (cleverly described as “deficit peacocks,” since they’re really not hawks) are out in force. They have America worried about how to pay for all of this red ink. Remember when President Clinton handed over the keys to the White House to President Bush? He handed Bush a budget surplus that was projected to be approximately $800 billion per year from 2009 to 2012. Instead, it looks as if we’re spending $1.2 trillion more than we’re taking in during this same time frame. What happened? About 33% of this $2 trillion deficit (the

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Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

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