Formerly: Biden OMB, Biden Transition Team, Senate Budget Committee (Murray and Sanders).
CBO and OMB’s biggest fan! Personal account.
First, for the very few of you who care about it, a budget and tax starter pack!
Please let me know if you should be on this and I missed you!
go.bsky.app/N6Nukd7
Yes, spending is rising – due to demographics & health care cost growth
But taxes used to be on pace to match that rising spending
Then we cut taxes and now it isn't
Spending is rising slower than expected, so tax cuts bear 100% of the blame
Yes, spending is rising – due to demographics & health care cost growth
But taxes used to be on pace to match that rising spending
Then we cut taxes and now it isn't
Spending is rising slower than expected, so tax cuts bear 100% of the blame
Going to post observations as I move through it. 🧵
www.cbo.gov/publication/...
We should note that the 2.1% assumes tariff revenues stay forever, which they won't.
We should note that the 2.1% assumes tariff revenues stay forever, which they won't.
www.cbo.gov/publication/...
www.cbo.gov/publication/...
The way my dad described it to me was “about 50 million years ago, some semi-aquatic deer decided they wanted to become fully aquatic.”
The way my dad described it to me was “about 50 million years ago, some semi-aquatic deer decided they wanted to become fully aquatic.”
Hundreds of kids are still detained.
We’ll let the children’s words speak for themselves. 🧵
Hundreds of kids are still detained.
We’ll let the children’s words speak for themselves. 🧵
What actually happened is that they pulled him from a car, beat him so viciously with a steel baton that he had 8 skull fractures, 5 life-threatening brain hemorrhages, and couldn’t remember he had a daughter.
What actually happened is that they pulled him from a car, beat him so viciously with a steel baton that he had 8 skull fractures, 5 life-threatening brain hemorrhages, and couldn’t remember he had a daughter.
Jared and I are two notable fiscal doves. We explain why doves should reexamine some of our priors.
Crucially, we *must not* cut crucial services when looking at course correction.
Thread
Jared and I are two notable fiscal doves. We explain why doves should reexamine some of our priors.
Crucially, we *must not* cut crucial services when looking at course correction.
Thread
Their goal is making it easier to cheat on taxes.
Their goal is making it easier to cheat on taxes.
Had a good run, but as with so many cases, a billionaire bought something he didn’t care about and broke it. A tale as old as time.
Had a good run, but as with so many cases, a billionaire bought something he didn’t care about and broke it. A tale as old as time.
DHS funding runs through Feb 13. At that point, we're looking at DHS-only shutdown
Importantly, ICE & CBP continue to operate w/ pay. Not much leverage, but this is least bad leverage option
DHS funding runs through Feb 13. At that point, we're looking at DHS-only shutdown
Importantly, ICE & CBP continue to operate w/ pay. Not much leverage, but this is least bad leverage option
imagine!!!!!
"Imagine if we had to go through the process of getting a judicial warrant"
imagine!!!!!
Food assistance cuts versus new funding for DHS in the "Big Beautiful Bill"
Republicans cut food assistance by $187 billion while providing $191 billion in funding for DHS
Food assistance cuts versus new funding for DHS in the "Big Beautiful Bill"
Republicans cut food assistance by $187 billion while providing $191 billion in funding for DHS
When I worked at OMB, Brendan had basically the same job at NEC. Tons and tons of great stuff here.
www.cbpp.org/research/fed...
When I worked at OMB, Brendan had basically the same job at NEC. Tons and tons of great stuff here.
It's a simple, straightforward acceptance/rejection of DHS policy.
If the Thune/Schumer deal is enacted, then two weeks from now all of the govt EXCEPT DHS will have funding.
Ds must then reject even a penny more for DHS until we can guarantee an end to the madness.
It's a simple, straightforward acceptance/rejection of DHS policy.
If the Thune/Schumer deal is enacted, then two weeks from now all of the govt EXCEPT DHS will have funding.
Ds must then reject even a penny more for DHS until we can guarantee an end to the madness.
If the Thune/Schumer deal is enacted, then two weeks from now all of the govt EXCEPT DHS will have funding.
Ds must then reject even a penny more for DHS until we can guarantee an end to the madness.
Trump family businesses made $187 MILLION from this deal, and just months later he gave the UAE some of our most top-secret AI tech.
They are selling our national security to the highest bidder.
Trump family businesses made $187 MILLION from this deal, and just months later he gave the UAE some of our most top-secret AI tech.
They are selling our national security to the highest bidder.