The Senate Finance Committee's bipartisan negotiating team is expected to continue talks Friday on a health care reform plan that the vice president predicted would eventually pass the Congress. As bleak as it looks, you know, always darkest before the dawn," Vice President Joseph R. Biden Jr. said Thursday, after a speech at the Brookings Institution, a liberal think tank. "The prospects of success are high. I think they are very high.
WASHINGTON - The breakthrough nuclear agreement with North Korea could pay wide-ranging dividends for all sides, especially in the area of already improving U.S. relations with China and America's allies, chief U.S. negotiator Christopher Hill said Thursday. Other side benefits might include a peace treaty formally ending the war on the Korean peninsula after more than a half-century, a cut in the force of 25,000 U.S. troops in South Korea, a better life for impoverished North Koreans and the State Department's declassifying of the North as a sponsor of terrorism, Mr. Hill said in remarks at the Brookings Institution, a liberal-oriented think tank.
Women in Iraq. In a speech at the liberal Brookings Institution, Hillary argued that Iraqi women were better off under the old regime, claiming that when Saddam Hussein ran the country, at least women were assured the right to participate in Iraq's public life.
Washington As part of an unusual left-right alliance, Madison Democrat Tammy Baldwin last week introduced a health care plan promoting policy experiments in the states. The explicit goal of the bill is to encourage both liberal and conservative approaches to expanding coverage. Experts from the conservative Heritage Foundation and the liberal Brookings Institution worked on the plan. The main sponsors include two of the most liberal members of the House (Baldwin and John Tierney of Massachusetts) and two conservative Republicans (Colorado's Bob Beauprez and Georgia's Tom Price).
American students enjoy math and think they are good at the subject, but their knowledge of the subject falls short of their self-assessment, according to a report released this week. Almost 40 percent of American eighth-graders "agree a lot" with the statement, "I usually do well in mathematics," exceeding the international average of 27 percent. Those students, however, scored only about 8 percent higher than the worldwide average on an international math test, according to the Brookings Institution, a liberal think tank.
One of the goals of major pension reform legislation Congress approved last year was to get more Americans to save for retirement by allowing companies to automatically enroll employees in 401(k) plans. Support for legislation that spans Capitol Hill has been rare this year. Bills passed with gusto by the House tend to halt in the Senate. But the atmosphere may be different for the automatic IRA measure, which also has united disparate think tanks like the liberal Brookings Institution and the conservative Heritage Foundation. Advocates stress that implementing IRA deductions will not pose a burden on employers. It would just be another line item on the payroll.
When the Tax Policy Center graded 17 key tax-cut provisions in President Obama's economic-stimulus bill last week, 10 received a C or D grade and none merited an A. The tax-policy analysis group, sponsored jointly by the liberal Urban Institute and Brookings Institution, said its scores were an attempt to evaluate whether the bill's tax credits and other tax incentives will boost the economy and deliver the biggest "bang for the buck."Many of the tax provisions in President Obama's two-year, $787 billion stimulus plan were found wanting, either because the stimulative effects were small, came too late to have an impact on the recession, or went to people who did not need them.
The U.S. Senate is expected to unveil its version of a climate change bill when it returns from summer recess next month. The House already has its version of "cap and trade." But the liberal Brookings Institution says it portends "a mismatch between the government's capacity and its mission. Which means an expansion of the federal government "so much that it would take billions of dollars and thousands of new employees to implement," reports The Washington Times:
Peter Orszag is no conservative ideologue. The head of the Congressional Budget Office (CBO) was a scholar at the liberal Brookings Institution before being picked for his current position by Nancy Pelosi and Harry Reid. Yet, Mr. Orszag recently warned that the rising cost of federal entitlement programs, particularly Medicare, Medicaid, and Social Security, poses a grave threat to America's economic future. According to Mr. Orszag, without dramatic reform, the cost of those three programs alone will rise from 18 percent of GDP today to 28 percent by the middle of this century and as much as 35 percent soon thereafter. That means that just three federal government programs will be consuming between a quarter and a third of everything this country produces. Paying for those programs woul...
WASHINGTON (AP) - Critics of President Bush's plan to create personal investment accounts in Social Security say he is exaggerating the program's funding problems to boost public support for his idea. Social Security is like a car with a flat tire," said Peter Orszag, an economist at the liberal Brookings Institution and adviser in the Clinton White House. "There is a problem. We need to fix the flat tire. But we don't need to replace the car.
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