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Public Finance

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    Apr 23, 2013 |Column| Los Angeles Times
  1. Chained thinking on the federal deficit

    Washington's tug of war over the federal budget has many wonders, but the biggest one of all must be the lengths to which politicians and pundits will go to deprive Granny and Grandpa of $30 a month.
    Washington's tug of war over the federal budget has many wonders, but the biggest one of all must be the lengths to which politicians and pundits will go to deprive Granny and Grandpa of $30 a month. That's the amount by which benefits for the average...

    Tags: Congressional Budget Office, Career and Workplace, Foods and Beverages, Bananas, Retirement

  2. Apr 2, 2013 |Column| Los Angeles Times
  3. Lakewood drops Anaheim Canyon, 2-0, at Boras Classic

    J.P. Crawford of Lakewood can create havoc on the base paths with his speed. He tries to get on base any way possible, and one way is with a drag bunt that he pulled off with precision on Tuesday in an opening game of the Boras Classic at Mater Dei.
    J.P. Crawford of Lakewood can create havoc on the base paths with his speed. He tries to get on base any way possible, and one way is with a drag bunt that he pulled off with precision on Tuesday in an opening game of the Boras Classic at Mater Dei....

    Tags: Politics, Mike Darr, Baseball, Sports

  4. Mar 27, 2013 |Story| Los Angeles Times
  5. An honor for Alice Rivlin roils Social Security faithful

    Robert M. Ball is one of the most revered figures in Social Security history, a man whose devotion to safeguarding the program from ideological attacks and political cant over six decades made him the program's&nbsp;<a href="http://www.washingtonpost.com/wp-dyn/content/article/2008/01/30/AR2008013004203.html">"undisputed spiritual leader."</a>
    Robert M. Ball is one of the most revered figures in Social Security history, a man whose devotion to safeguarding the program from ideological attacks and political cant over six decades made him the program's "undisputed spiritual leader." Alice M....

    Tags: Congressional Budget Office, National Government, Social Security, Politics, Career and Workplace

  6. Mar 25, 2013 |Story| Los Angeles Times
  7. No debt agreement, no break

    With no deal in sight to curb our growing national debt, America is going broke. So what do our representatives in Congress plan to do about it? Take a two-week break. Are they trying to see whether their abysmal 13% approval rating can sink any lower?
    With no deal in sight to curb our growing national debt, America is going broke. So what do our representatives in Congress plan to do about it? Take a two-week break. Are they trying to see whether their abysmal 13% approval rating can sink any lower?...

    Tags: Budget Control Act of 2011, U.S. Congress, Budgets and Budgeting, Politics, Patty Murray

  8. Apr 2, 2013 |Story| Los Angeles Times
  9. Data mixed as manufacturing growth slows, construction picks up

    WASHINGTON &mdash; Growth in the crucial manufacturing sector unexpectedly slowed in March as companies reported fewer new orders and less production compared with the previous month.
    WASHINGTON — Growth in the crucial manufacturing sector unexpectedly slowed in March as companies reported fewer new orders and less production compared with the previous month. The Institute for Supply Management's widely watched purchasing...

    Tags: Politics, Machine Manufacturing, Industrial Production, Local Government, Construction

  10. Apr 2, 2013 |Story| Los Angeles Times
  11. Why 'chained CPI' works for Social Security [Blowback]

    In his March 22 <a href="http://www.latimes.com/business/money/la-fi-mo-chained-cpi-20130322,0,3050353.story">blog post</a> criticizing proposals to switch from the consumer price index to "chained CPI" to determine cost-of-living adjustments for Social Security beneficiaries and other items in the federal budget, Michael Hiltzik claimed that there were "no grounds" for the statement made in a recent paper from the <a href="http://www.momentoftruthproject.org/">Moment of Truth Project</a> ("<a href="http://www.momentoftruthproject.org/news/moment-truth-project-releases-updated-policy-paper-chained-cpi">Measuring Up, The Case for Chained CPI"</a>) that the chained CPI provides a more accurate measure of inflation than the measure currently used.&nbsp;
    In his March 22 blog post criticizing proposals to switch from the consumer price index to "chained CPI" to determine cost-of-living adjustments for Social Security beneficiaries and other items in the federal budget, Michael Hiltzik claimed that there...

    Tags: Congressional Budget Office, Social Security, Politics, Market and Exchange, Personal Income

  12. Mar 22, 2013 |Story| Los Angeles Times
  13. The 1% aren't like the rest of us

    Over the last two years, President Obama and Congress have put the country on track to reduce projected federal budget deficits by nearly $4 trillion. Yet when that process began, in early 2011, only about 12% of Americans in Gallup polls cited federal debt as the nation's most important problem. Two to three times as many cited unemployment and jobs as the biggest challenge facing the country.
    Over the last two years, President Obama and Congress have put the country on track to reduce projected federal budget deficits by nearly $4 trillion. Yet when that process began, in early 2011, only about 12% of Americans in Gallup polls cited federal...

    Tags: U.S. Congress, Social Security, National Government, Unemployment, Politics

  14. Mar 21, 2013 |Story| Los Angeles Times Exclusive
  15. Sequester shenanigans dug Congress into a deeper hole

    This week, realizing that government actually <em>does</em> do some things people like, senators in both parties tried to undo some of the damage wrought by the sequester/fiscal cliff debacle. Their efforts were quickly undone, however, by the chronic dysfunction of the United States Congress.&nbsp;
    This post has been corrected. See note at the bottom for details.
    This week, realizing that government actually does do some things people like, senators in both parties tried to undo some of the damage wrought by the sequester/fiscal cliff debacle. Their efforts were quickly undone, however, by the chronic...

    Tags: Budget Control Act of 2011, U.S. Congress, National Government, Politics, Republican Party

  16. Mar 20, 2013 | Los Angeles Times
  17. LIVE VERDICTS: Bell council members guilty of corruption

    L.A. NOW
    Bell corruption trial verdicts: Here is live coverage of the Bell corruption trial verdicts. The Times will update the verdicts as they are read:...
  18. Mar 13, 2013 |Story| Los Angeles Times
  19. Unbalanced on budgets

    New budget proposals this week from influential members of the House Republican and Senate Democratic leadership are the stuff of political caricatures. House Budget Committee Chairman Paul D. Ryan (R-Wis.), last year's Republican nominee for vice president, reprised the spending-cut talking points from his failed campaign with little change and no apparent irony. Senate Budget Committee Chairwoman Patty Murray (D-Wash.), meanwhile, offered the outlines of a budget that increases taxes <em>and</em> spending, while doing little more than buying time on the entitlement programs at the heart of Washington's long-term problems. Neither approach offers a realistic way forward. Instead, they give Republicans and Democrats yet another arena in which to fight their ideological battles over the size and scope of government.
    New budget proposals this week from influential members of the House Republican and Senate Democratic leadership are the stuff of political caricatures. House Budget Committee Chairman Paul D. Ryan (R-Wis.), last year's Republican nominee for vice...

    Tags: Budgets and Budgeting, Politics, Patty Murray, Republican Party, Paul Ryan

  20. Mar 12, 2013 |Story| Los Angeles Times
  21. House GOP proposes austere, balanced budget

    <span class="runtimeTopic">WASHINGTON</span> &ndash; Reprising austerity themes that define the party, House Republicans unveiled a budget proposal Tuesday that they say would achieve the ambitious goal of balancing in 10 years, but it has no chance of acceptance by Democrats in what is largely an opening bid in talks with President Obama.
    WASHINGTON – Reprising austerity themes that define the party, House Republicans unveiled a budget proposal Tuesday that they say would achieve the ambitious goal of balancing in 10 years, but it has no chance of acceptance by Democrats in what is...

    Tags: Budget Control Act of 2011, Congressional Budget Office, U.S. Congress, Nursing Homes, Politics

  22. Mar 11, 2013 |Story| Los Angeles Times
  23. FAA to close 238 air traffic control towers [Updated]

    Twenty-three air traffic control towers in California are among more than 200 nationwide scheduled to close April 7 as the Federal Aviation Administration begins imposing $600 million in federal budget cuts.
    Twenty-three air traffic control towers in California are among more than 200 nationwide scheduled to close April 7 as the Federal Aviation Administration begins imposing $600 million in federal budget cuts. It was unknown which traffic control towers...

    Tags: Budgets and Budgeting, Politics, Air Transportation Industry, Federal Aviation Administration, Los Angeles International Airport

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