Diane Lim R.

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Anything to Avoid a More Specific Commitment to Fiscal Discipline

Diane Lim R. posted an article on - Dec 14, 2009, 9:28 pm
Congress is so unwilling to make a specific commitment to longer-term fiscal responsibility that they’d give up another short-term deficit-financed spending spree to avoid the more permanent com...
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TARP Leftovers?

Diane Lim R. posted an article on - Dec 12, 2009, 8:45 pm
It’s kind of silly, the talk about using unspent TARP money to “fund” anything else outside of TARP.  The TARP funds are borrowed money, and we’ve literally borrowed any of th...
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What Does a Fiscal Steward Look Like?

Diane Lim R. posted an article on - Dec 9, 2009, 11:49 pm
Well, they come in lots of varieties and come from all different parts of the country.  Here’s a neat little video CNN-Money produced out of their tagging along with the Concord Coalition’...
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Modeling Fiscal Responsibility (vs Protesting It)

Diane Lim R. posted an article on - Dec 8, 2009, 8:30 am
At our national conference on fiscal stewardship on Capitol Hill yesterday, the Concord Coalition released a report containing the recommendations of its nationwide “fiscal advisory councils....
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Keeping In the Teeth and Keeping Up the Faith

Diane Lim R. posted an article on - Dec 6, 2009, 8:21 pm
Today’s Washington Post had this story by Lori Montgomery and Shailagh Murray on the evolving Senate health reform bill.  The title of the article was “Deals cut with health groups may be...
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Creating Jobs Is No Excuse for Wasting Money

Diane Lim R. posted an article on - Dec 4, 2009, 11:30 pm
This week the White House hosted a “jobs summit” to brainstorm about the best ways to create more jobs in the U.S. economy.  In opening the summit, President Obama touted the job-creating...
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What Makes Deficit Reduction "Undemocratic"?

Diane Lim R. posted an article on - Dec 3, 2009, 9:59 pm
A group of over 30 national, “progressive” organizations released this statement (and sent to the President, key Administration officials, and every member of Congress) on Wednesday, decry...
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Game Changers, Curve Benders…and Teeth Pullers

Diane Lim R. posted an article on - Dec 2, 2009, 2:05 pm
One version of a toothless, continuous-feedback loop - “Precious” the dog precious talking for her soft food @ Yahoo! Video Continuing on what gives me (and other fiscal hawkish types) &...
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No New Tax Ideas THIS Year

Diane Lim R. posted an article on - Dec 1, 2009, 9:41 pm
The President’s Economic Recovery Advisory Board was supposed to release its “Tax Task Force” report this Friday.  Instead, the Board’s Chairman, Paul Volcker, released this s...
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"Loosey-Goosey" Anxiety Over Health Reform

Diane Lim R. posted an article on - Nov 30, 2009, 2:42 pm
A story by Lori Montgomery in today’s Washington Post offers an interesting critique of those of us who worry about fiscal sustainability in the context of health reform (emphasis added): As th...
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The Problem with Deficit Financing a War

Diane Lim R. posted an article on - Nov 28, 2009, 9:55 pm
(War bonds ad from the 1940s, from “Found in Mom’s Basement” blog.) As Bruce Bartlett explains in his Forbes column, when a war is deficit financed, people tend to (way) underestima...
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Happy Thanksgiving!

Diane Lim R. posted an article on - Nov 26, 2009, 7:50 am
Happy Thanksgiving!  As I get ready for a happy day full of cooking and catching up with my kids (human and canine!), I went back to my post last Thanksgiving (“Giving Thanks”) and realiz...
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What's Best for Our Breasts?

Diane Lim R. posted an article on - Nov 25, 2009, 1:17 am
OK, I’m jumping into this controversy about screening for breast cancer (mammograms, self exams, and the under- versus over-50 issue) a week late, but not because I haven’t been following ...
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Falling for Teasers and Not Squirreling Away Our Nuts

Diane Lim R. posted an article on - Nov 23, 2009, 8:43 pm
I like Ed Andrews’ New York Times article on how we’re running out of ways to cheaply finance our federal debt.  Ed explains: The White House estimates that the government will have to b...
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The Economist Magazine on Why We Have to Be Biased Toward Tax Increases in the Short Term

Diane Lim R. posted an article on - Nov 22, 2009, 9:23 pm
The cover story in this week’s Economist magazine discusses “dealing with America’s fiscal hole.” The “hole” is described not as something we’ll have to dig o...
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At Least 100 Reasons to Worry That Congress Won't Follow Through on the Hard Choices in Health Care Reform

Diane Lim R. posted an article on - Nov 21, 2009, 9:54 pm
Hooray! Tonight we’re one step closer to getting a deficit-neutral health care reform bill that has at least some hope of “bending the health cost curve” in the future. Oh wait, ma...
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You Think America's Fiscal Gap Is Bad?

Diane Lim R. posted an article on - Nov 19, 2009, 9:55 pm
On e21, Donald Marron writes about a recent IMF analysis that compares the budget deficits of 22 advanced countries.  Donald explains how the U.S.’s budget outlook might look quite grim, but we...
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Lucking into Consumer Surplus in NYC Today

Diane Lim R. posted an article on - Nov 18, 2009, 3:02 pm
I’m in New York City today for the Concord Coalition’s annual fundraising dinner that’s tonight.  When I come to NYC I come fully prepared to face higher prices than I normally have...
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What Happened to the Fiscal Courage of 1993?

Diane Lim R. posted an article on - Nov 16, 2009, 10:15 pm
CQ’s Richard Rubin writes in this week’s CQ magazine (as part of the cover story on “Health Care’s Taxing Questions”–here’s link to a LexisNexis reprint) that...
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Joe Biden (SNL Version) on the Economy and Health Care Reform

Diane Lim R. posted an article on - Nov 15, 2009, 8:29 am
Saturday Night Live’s Jason Sudeikis is hilarious as VP Joe Biden, taking over for President Obama in the Oval Office while the President’s out of the country, talking about “just...
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On the "Political Economy" of Fiscal Policy

Diane Lim R. posted an article on - Nov 14, 2009, 11:15 pm
I’m just back from Denver, where in the opening session on “Dealing with the Fiscal Outlook” of the National Tax Association annual conference, I had been tasked with discussing the ...
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Will Be Playing Catch-Up This Weekend…

Diane Lim R. posted an article on - Nov 14, 2009, 8:30 am
I’m still in Denver at the National Tax Association conference, but headed out before the big snow comes! I have many things to catch up on here, but no time right now. In the meantime, see if...
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Peter Orszag on the Tough Specifics of Deficit Reduction

Diane Lim R. posted an article on - Nov 12, 2009, 12:01 am
The President’s budget director, Peter Orszag, was on NPR’s Morning Edition on Wednesday morning.  He talked about the really difficult fiscal policy dilemma the federal government faces ...
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So You Want to Reduce the Budget Deficit?

Diane Lim R. posted an article on - Nov 9, 2009, 9:58 pm
Have you ever thought you could be WAY more fiscally responsible than our politicians are?  Go ahead and test yourself on the Concord Coalition’s new online version of our “Principles and...
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Why Won't the President Just Create the Jobs?

Diane Lim R. posted an article on - Nov 8, 2009, 10:09 pm
The Washington Post’s Alec MacGillis asks a rather provocative question in today’s Outlook section: “Why won’t Obama give you a job?” The article challenges the Administ...
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And Speaking of Honesty…

Diane Lim R. posted an article on - Nov 7, 2009, 8:25 pm
In his Forbes column this week, Bruce Bartlett explains how to set up a deficit-reduction commission who can speak the real truth and thus come up with real solutions.  Bruce’s key recommendati...
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Just (Billy Joel and) Me, Talking About "Honesty"

Diane Lim R. posted an article on - Nov 6, 2009, 10:56 pm
I think this is one of the coolest radio interviews I’ve done (click here for the link to the podcast)–not because of anything new I said that I haven’t said a million times before, ...
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How to Talk Oneself Out of Keeping a Promise in Order to Do the Right Thing

Diane Lim R. posted an article on - Nov 5, 2009, 10:24 pm
President Obama’s budget director, Peter Orszag, gave a really nice speech on the economy and fiscal policy this week.  It reinforces my belief that: (1) Peter really doesn’t view the ...
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How the Homebuyer Tax Credit "Works" a Lot Like Cash for Clunkers

Diane Lim R. posted an article on - Nov 4, 2009, 9:55 pm
The news tonight (to appear in Thursday’s Washington Post): The Senate voted Wednesday to renew the government’s $8,000 tax credit for first-time home buyers through the first six months ...
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Why Economists Have Such a Hard Time Sharing Their True Feelings

Diane Lim R. posted an article on - Nov 3, 2009, 1:41 pm
Because it usually doesn’t work out so well, as illustrated in this NPR Marketplace video (part of their new “Department of Behavioral Economics”) featuring Marketplace senior editor...
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Wait a Minute–We're Paying for Health Reform with Another AMT?

Diane Lim R. posted an article on - Nov 2, 2009, 9:06 pm
It took me awhile to catch onto this (I guess real life got in the way of reading the legislation or even the revenue estimate carefully), but the House health care reform bill not only fails to provi...
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Congrats to the World on Having Fewer Kids

Diane Lim R. posted an article on - Nov 1, 2009, 9:55 pm
This week’s Economist magazine has a fascinating cover story on the world’s declining fertility rate and what it means for economic growth and the sustainability of the planet more general...
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Three Good (and Not So Hard) Reads on Health Reform

Diane Lim R. posted an article on - Oct 31, 2009, 1:08 am
My boss, Bob Bixby, wrote up his initial thoughts on the House health reform bill in his usual “prime time” last night–around 3 am.  (And I am finally posting on this after a midnig...
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And We're Growing Again!

Diane Lim R. posted an article on - Oct 29, 2009, 3:56 pm
The Bureau of Economic Analysis announced today that our economy might be growing again–for the first time since the second quarter of 2008–and hence that we might be out of this recession...
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Ezra In the FOOD Section!

Diane Lim R. posted an article on - Oct 28, 2009, 11:32 pm
Wednesday’s Washington Post featured an Ezra Klein column in the FOOD section of the paper (right next to a story on bouillon, no less)!  I love it, because it’s still mostly about budget...
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Dusting Off My "Death Tax" Stuff

Diane Lim R. posted an article on - Oct 27, 2009, 10:55 pm
First we heard that estate tax legislation would be considered as early as next week in the House, but tonight Majority Leader Hoyer suggested it could be put off until the very last minute:  up to s...
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Finding the Path to Reduced Deficits

Diane Lim R. posted an article on - Oct 26, 2009, 10:55 pm
Today the Chair of the President’s Council of Economic Advisers, Christina Romer, delivered these remarks at the Center for American Progress.  (Full text of speech is here.)  Based on the sel...
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SNL on Obsessive Cost Cutting (Russian Bride Edition)

Diane Lim R. posted an article on - Oct 25, 2009, 10:56 pm
I didn’t realize that this weekend’s Saturday Night Live was a repeat (of a fairly recent show) until I went looking for the video of this sketch on Russian brides.  Somehow it reminded m...
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Denver Download

Diane Lim R. posted an article on - Oct 23, 2009, 10:57 pm
I’m back in DC after a great trip to Denver with many of my Concord Coalition colleagues.  It’s work trips like that that make me feel so fortunate to have a job that I love so much that ...
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Why the $1.4 Trillion Deficit Is Still a Worry

Diane Lim R. posted an article on - Oct 23, 2009, 9:05 am
I’ll write my report on Denver later tonight (am still here in Denver until this afternoon), but I’ve at least got time to mention that at yesterday’s all-day/evening events here, my...
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The "Doc Fix" and Its Budget Gimmickry Is Not a Clever New Democratic Idea

Diane Lim R. posted an article on - Oct 21, 2009, 7:14 pm
An editorial in today’s Wall Street Journal suggests that the Obama Administration and the Democrats in Congress have come up with a new and clever way to deceive the American public about the c...
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Heading Out to Denver

Diane Lim R. posted an article on - Oct 20, 2009, 10:59 pm
I’m on the road for the next few days, traveling to Denver to participate in a Concord-sponsored student summit on fiscal responsibility, “Paying for America,” on Thursday at the Uni...
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Why the "Doc Fix" Doesn't Fix Health Care

Diane Lim R. posted an article on - Oct 19, 2009, 9:31 pm
As we explained in a Concord Coalition press release today: The Senate is expected to consider a bill this week that would permanently increase physician reimbursement rates relative to the current M...
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On Pandering to Seniors Over Pandering to Other Groups

Diane Lim R. posted an article on - Oct 18, 2009, 7:39 am
I’ve got a contribution to the “Topic A” opinion feature in today’s Washington Post; the question: Should Congress fulfill President Obama’s request for a one-time $250 p...
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Record Deficit May Dash Obama's Big Plans…Unless He Dashes Bush's Big Plans First?

Diane Lim R. posted an article on - Oct 17, 2009, 2:22 pm
Today’s headline in the Washington Post:  “Record-High Deficit May Dash Big Plans”–refers primarily to President Obama’s “big plans” for further deficit-fina...
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Two Illustrations of How Bad We Are at Fiscal Responsibility

Diane Lim R. posted an article on - Oct 15, 2009, 8:03 am
Exhibit A:  Congress and the Administration Call for a $250 Payment to Seniors…for What?!! Well, for non-inflation and hence the non-COLA they are getting in their Social Security payments in ...
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Spam Comments Problem Again - All Comments Will Be Moderated

Diane Lim R. posted an article on - Oct 15, 2009, 6:02 am
STILL NOT WORKING THURS. 10/15… My spam blocker isn’t working right again (Wed. 10/14), so all comments will be queued up for moderation again until I figure out it’s back to normal...
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Go, Brucie!

Diane Lim R. posted an article on - Oct 13, 2009, 10:58 pm
Bruce Bartlett did a nice job arguing against stuck-in-the-70s Larry Kudlow on CNBC today, in discussing his new book, The New American Economy. (Bruce blogged about the book’s “RIP Suppl...
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What Makes for a Tough Choice

Diane Lim R. posted an article on - Oct 12, 2009, 11:41 pm
Last Wednesday at the World Business Forum (where I was a “featured blogger” and where I “tweeted” for the first time) President Bill Clinton was asked during his post-speech c...
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Not Just Smoke and Mirrors

Diane Lim R. posted an article on - Oct 11, 2009, 11:38 am
Saturday’s Washington Post contained this editorial on the false notion that Congress has come up with any plan for health care reform that is truly deficit neutral.  The basic charge:  neithe...
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