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Committee For A Responsible Federal Budget
The Committee for a Responsible Federal Budget (CRFB) is a non-profit public policy organization based in Washington, D.C. that addresses federal budget and fiscal issues. It was founded in 1981 by former United States Representatives Robert Giaimo (D-CT) and Henry Bellmon (R-OK), and its board of directors includes former Members of Congress and directors of the Office of Management and Budget, the Congressional Budget Office and the Federal Reserve. History The organization was founded by former Representative and Chairman of the House Budget Committee Robert Giaimo (D-CT) and former Representative and Ranking Budget Committee member Henry Bellmon (R-OK) on June 10, 1981. After leaving Congress, the two decided that the country needed an organization outside of government committed to advocating for sound budget process, and decided to convene a group including other former Budget Committee Chairmen, former Directors of the Office of Management and Budget, leading economist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Policy
Public policy is an institutionalized proposal or a decided set of elements like laws, regulations, guidelines, and actions to solve or address relevant and real-world problems, guided by a conception and often implemented by programs. Public policy can be considered to be the sum of government direct and indirect activities and has been conceptualized in a variety of ways. They are created and/or enacted on behalf of the public typically by a government. Sometimes they are made by nonprofit organisations or are made in co-production with communities or citizens, which can include potential experts, scientists, engineers and stakeholders or scientific data, or sometimes use some of their results. They are typically made by policy-makers affiliated with (in democratic polities) currently elected politicians. Therefore, the "policy process is a complex political process in which there are many actors: elected politicians, political party leaders, pressure groups, civil servants ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Frenzel
William Eldridge Frenzel (July 31, 1928 – November 17, 2014) was a Republican member of the United States House of Representatives from Minnesota, representing Minnesota's Third District, which included the southern and western suburbs of Minneapolis. Early life and career Frenzel was educated at the Saint Paul Academy in Saint Paul, Minnesota, and earned both a B.A. (1950) and M.A. (1951) from Dartmouth College. He served as a lieutenant in the United States Naval Reserve during the Korean War from 1951 to 1954. Frenzel served eight years in the Minnesota House of Representatives from 1962 to 1970, prior to serving in the U.S. Congress. He was president of the No. Waterway Terminals Corp. (1965–70) and of Minneapolis Terminal Warehouse Company (1966–1970). He was a member of the executive committee for Hennepin County, Minnesota (1966–1967). House of Representatives Frenzel was elected as a Republican to the 92nd, 93rd, 94th, 95th, 96th, 97th, 98th, 99th, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Erskine Bowles
Erskine Boyce Bowles (born August 8, 1945) is an American businessman and political figure from North Carolina. He served from 2005 to 2010 as the president of the University of North Carolina system. In 1997–98 he served as White House Chief of Staff and he also ran unsuccessfully for the United States Senate from North Carolina in 2002 and 2004. In 2010, Bowles served as the Democratic co-chair of President Barack Obama's National Commission on Fiscal Responsibility and Reform with Alan Simpson. Bowles and Simpson founded an advocacy group, The Campaign to Fix the Debt. Early life and education Bowles was born and raised in Greensboro, North Carolina, and is the son of Jessamine Woodward Boyce Bowles and the late Skipper Bowles, a Democratic politician who ran unsuccessfully for Governor of North Carolina in 1972. Siblings include Hargrove Bowles III, Mary Holland Bowles Blanton and the late Martha Thomas Bowles. Bowles graduated from Virginia Episcopal School before ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Fiscal Cliff
The United States fiscal cliff refers to the combined effect of several previously-enacted laws that came into effect simultaneously in January 2013, increasing taxes and decreasing spending. The Bush tax cuts of 2001 and 2003, which had been extended for two years by the 2010 Tax Relief Act, were scheduled to expire on December 31, 2012. Planned spending cuts under the Budget Control Act of 2011 also came into play. That Act was passed as a compromise to resolve a dispute concerning the US debt ceiling and address the failure of the 111th Congress to pass a federal budget. Discretionary spending for federal agencies and cabinet departments would have been reduced through broad cuts referred to as budget sequestration. Mandatory programs, such as Social Security, Medicaid, federal pay (including military pay and pensions) and veterans' benefits would have been exempted from the spending cuts. The fiscal cliff would have increased tax rates and decreased government spending thr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Reform
Tax reform is the process of changing the way taxes are collected or managed by the government and is usually undertaken to improve tax administration or to provide economic or social benefits. Tax reform can include reducing the level of taxation of all people by the government, making the tax system more progressive or less progressive, or simplifying the tax system and making the system more understandable or more accountable. Numerous organizations have been set up to reform tax systems worldwide, often with the intent to reform income taxes or value added taxes into something considered more economically liberal. Other reforms propose tax systems that attempt to deal with externalities. Such reforms are sometimes proposed to be revenue-neutral, for example in revenue neutrality of the FairTax, meaning they ought not result in more tax or less being collected. Georgism claims that various forms of land tax can both deal with externalities and improve productivity. Austral ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Medicare (United States)
Medicare is a government national health insurance program in the United States, begun in 1965 under the Social Security Administration (SSA) and now administered by the Centers for Medicare and Medicaid Services (CMS). It primarily provides health insurance for Americans aged 65 and older, but also for some younger people with disability status as determined by the SSA, including people with end stage renal disease and amyotrophic lateral sclerosis (ALS or Lou Gehrig's disease). In 2018, according to the 2019 Medicare Trustees Report, Medicare provided health insurance for over 59.9 million individuals—more than 52 million people aged 65 and older and about 8 million younger people. According to annual Medicare Trustees reports and research by the government's MedPAC group, Medicare covers about half of healthcare expenses of those enrolled. Enrollees almost always cover most of the remaining costs by taking additional private insurance and/or by joining a public Part C or P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Security (United States)
In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program and is administered by the Social Security Administration (SSA). The original Social Security Act was enacted in 1935,Social Security Act of 1935 and the current version of the Act, as amended, 2 USC 7 encompasses several social welfare and social insurance programs. The average monthly Social Security benefit for August 2022 was $1,547. The total cost of the Social Security program for the year 2021 was $1.145 trillion or about 5 percent of U.S. GDP. Social Security is funded primarily through payroll taxes called Federal Insurance Contributions Act tax (FICA) or Self Employed Contributions Act Tax (SECA). Wage and salary earnings in covered employment, up to an amount specifically determined by law (see tax rate table below), are subject to the Social Security payroll tax. Wage and salary earnings above this amount are not taxed. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deficit Reduction In The United States
Deficit reduction in the United States refers to taxation, spending, and economic policy debates and proposals designed to reduce the Federal budget deficit. Government agencies including the Government Accountability Office (GAO), Congressional Budget Office (CBO), the Office of Management and Budget (OMB), and the U.S. Treasury Department have reported that the federal government is facing a series of important long-run financing challenges, mainly driven by an aging population, rising healthcare costs per person, and rising interest payments on the national debt. CBO reported in July 2014 that the continuation of present tax and spending policies for the long-run (into the 2030s) results in a budget trajectory that causes debt to grow faster than GDP, which is "unsustainable." Further, CBO reported that high levels of debt relative to GDP may pose significant risks to economic growth and the ability of lawmakers to respond to crises. These risks can be addressed by higher ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Peter G
''The'' () is a grammatical Article (grammar), article in English language, English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the Most common words in English, most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with pronouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 United States Presidential Election
The 2008 United States presidential election was the 56th quadrennial presidential election, held on Tuesday, November 4, 2008. The Democratic ticket of Barack Obama, the junior senator from Illinois, and Joe Biden, the senior senator from Delaware, defeated the Republican ticket of John McCain, the senior senator from Arizona, and Sarah Palin, the governor of Alaska. Obama became the first African American to be elected to the presidency, as well as being only the third sitting United States senator elected president, joining Warren G. Harding and John F. Kennedy. Meanwhile, Biden became the first senator running mate of a senator elected president since Lyndon B. Johnson (who was Kennedy's running mate) in the 1960 election. Incumbent Republican President George W. Bush was ineligible to pursue a third term due to the term limits established by the 22nd Amendment. McCain secured the Republican nomination by March 2008, defeating former governors Mitt Romney, Mike Hu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mainstream Media
In journalism, mainstream media (MSM) is a term and abbreviation used to refer collectively to the various large mass news media that influence many people and both reflect and shape prevailing currents of thought.Chomsky, Noam, ''"What makes mainstream media mainstream"'', October 1997, ''Z Magazine''/ref> The term is used to contrast with alternative media. The term is often used for large news conglomerates, including newspapers and broadcast media, that underwent successive mergers in many countries. The concentration of media ownership has raised concerns of a homogenization of viewpoints presented to news consumers. Consequently, the term ''mainstream media'' has been used in conversation and the blogosphere, sometimes in oppositional, pejorative or dismissive senses, in discussion of the mass media and media bias. United States In the United States, movie production is known to have been dominated by major studios since the early 20th century; before that, there was a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pew Charitable Trusts
The Pew Charitable Trusts is an independent non-profit, non-governmental organization A non-governmental organization (NGO) or non-governmental organisation (see spelling differences) is an organization that generally is formed independent from government. They are typically nonprofit entities, and many of them are active in h ... (NGO), founded in 1948. With over 6 billion in assets, its stated mission is to serve the public interest by "improving public policy, informing the public, and invigorating civic life". History The Trusts was established by the merging of several charitable funds that had been established between 1948 and 1979. The original funds were created by J. Howard Pew, Mary Ethel Pew, Joseph N. Pew Jr., and Mabel Pew Myrin—the adult sons and daughters of Sunoco, Sun Oil Company founder Joseph Newton Pew, Joseph N. Pew and his wife, Mary Anderson Pew. Honoring their parents' religious conviction that good works should be done quietly, the original Pew ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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