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Eye on the Market, July 25, 2011
revenue increases compared to where we are today; the Heritage Foundation's "Woody Guthrie Memorial Budget Plan" is the only
e caveat that many plans are not crystal clear what baseline they are using, or what steps they recommend to get to that baseline first. For example: the Gang of Six state that they used the President's budget as a baseline (scored by CBO in March 2011), reduced deficits by $3.7 trillion, and ended up with a 71% d
Page: HOUSE_OVERSIGHT_031159 →islation is a rocky but healthy way for a democracy to decide whether mega-deficits are in the long-term public interest. Over the last few days, the Gang of Six plan, the Reid-McConnell plan and the Obama-Boehner plan have all been raised up the flagpole and then lowered. By the end of the process, we're stil
Page: HOUSE_OVERSIGHT_031159 →l. The Peterson Foundation's sampling of 6 policy groups shown below indicate that 5 of 6 recommend revenue increases compared to where we are today; the Heritage Foundation's "Woody Guthrie Memorial Budget Plan" is the only exception. What kind of revenue increases? Raising the top two brackets, which would affect joint fi
Page: HOUSE_OVERSIGHT_031160 →Eye on the Market, July 25, 2011
e caveat that many plans are not crystal clear what baseline they are using, or what steps they recommend to get to that baseline first. For example: the Gang of Six state that they used the President’s budget as a baseline (scored by CBO in March 2011), reduced deficits by $3.7 trillion, and ended up with a 71% d
Page: HOUSE_OVERSIGHT_025215 →1962 1968 1974 1980 1986 1992 1998 2004 2010 Debt limit to gov. receipts nd Source: OMB, BEA, J.P. Morgan Private Bank Over the last few days, the Gang of Six plan, the Reid-McConnell plan and the Obama-Boehner plan have all been raised up the flagpole and then lowered. By the end of the process, we’re stil
Page: HOUSE_OVERSIGHT_025215 →l. The Peterson Foundation’s sampling of 6 policy groups shown below indicate that 5 of 6 recommend revenue increases compared to where we are today; the Heritage Foundation’s “Woody Guthrie Memorial Budget Plan” is the only exception. What kind of revenue increases? Raising the top two brackets, which would affect joint fi
Page: HOUSE_OVERSIGHT_025216 →Microsoft Word - 07-25-11 - EOTM - White Castle.docx
pact 31 million filers in 2012 (and raise $132 billion in revenue), compared to 4 million filers in 2011 (and $39 billion in revenue). * For example: the Gang of Six state that they used the President’s budget as a baseline (scored by CBO in March 201 1), reduced deficits by $3.7 trillion, and ended up with a 71%
Page: HOUSE_OVERSIGHT_025221 →pts 30% —> 2x 20% 1x 1950 1956 1962 1968 1974 1980 1986 1992 1998 2004 2010 Source: OMB, BEA, J.P. Morgan Private Bank. Over the last few days, the Gang of Six plan, the Reid-McConnell plan and the Obama-Boehner plan have all been raised up the flagpole and then lowered. By the end of the process, we’re stil
Page: HOUSE_OVERSIGHT_025221 →l. The Peterson Foundation’s sampling of 6 policy groups shown below indicate that 5 of 6 recommend revenue increases compared to where we are today; the Heritage Foundation’s “Woody Guthrie Memorial Budget Plan” is the only exception. What kind of revenue increases? Raising the top two brackets, which would affect joint fi
Page: HOUSE_OVERSIGHT_025222 →Entities connected to both the Heritage Foundation and the Gang of Six

Barack Obama
PERSON
Mitch McConnell
PERSON
Ronald Reagan
PERSON
Harry Reid
PERSON
Office of Management and Budget
ORGANIZATION
JPMorgan Chase
ORGANIZATION
Belgium
LOCATION
Bernard Connolly
PERSONJ.P. Morgan Securities LLC
ORGANIZATIONMichael Cembalest
PERSON
Bundesbank
ORGANIZATION
White Castle
ORGANIZATIONThe Peterson Foundation
ORGANIZATIONthe Monetary Union
ORGANIZATIONthe German Social Democratic Party
ORGANIZATION
the Institute of International Finance
ORGANIZATIONLiquidity Hospital
ORGANIZATION
Alliance Bernstein
ORGANIZATIONHamiltonian Advisors
ORGANIZATION
Weidmann
PERSON