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Recommendations included adjusting the retirement age, reforming entitlements, modifying tax breaks for mortgages and a host of other initiatives. President Obama’s announcement of a pay freeze for Federal workers for the next two years has also been widely discussed this week. The resulting coverage encouraged me to share my favorite links about existing proposals and comparisons as new proposals emerge. I’ve also included links to other organizations that are hard at work on this issue – whether educating voters or providing proposals.
Although both the Commission’s report and the President's announcement will impact costs and reduce the deficit, we must not overlook the need to improve performance and mission effectiveness. In this blog, we will continue to focus on performance improvement and the resultant cost reduction. In the coming weeks, I will share more detail related to both IT and supply chain improvements which, when executed, will yield hundreds of billions of savings over time while improving the performance of government.
As always, I look forward to your feedback.
Budget Deficit Commission
Overview Washington Post Article (Nov 9): http://www.washingtonpost.com/wp-dyn/content/article/2010/11/09/AR2010110906044.html
Comparison Washington Post Editorial (Nov 22): http://www.washingtonpost.com/wp-dyn/content/article/2010/11/21/AR2010112103530.html
Washington Post side-by-side comparison chart (Nov 24)
Another summary table: http://crfb.org/sites/default/files/Fig_1_summary_table_of_fiscal_plans.JPG
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Nov. 10: Joint Peterson-Pew Commission on Budget Reform plans to release its report, "Getting Back in the Black," a project helmed by former congressmen Bill Frenzel (R-Minn.), Tim Penny (D-Minn.) and Charles Stenholm (D-Tex.).
Nov. 17: Another bipartisan panel led by former Republican senator Pete V. Domenici (N.M.) and Clinton budget director Alice Rivlin (the only person to sit on all three commissions) will follow with a report from the Bipartisan Policy Center.
Full report of the Commission : http://bipartisanpolicy.org/sites/default/files/FINAL%20DRTF%20REPORT%2011.16.10.pdf
Dec. 1: President’s Commission on Fiscal Responsibility and Reform will report.
Lori Montgomery and Brady Dennis’ article: http://www.washingtonpost.com/wp-dyn/content/article/2010/11/30/AR2010113005968.html?hpid=topnews
Co-Chair recommendations (Nov. 10):
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Peter G. Peterson Foundation: announced a $6M initiative to push citizen education about deficit dangers
Committee for a Responsible Federal Budget
Fiscal Future Daily