Kate Generelli

214 posts

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Kate Generelli

Kate Generelli

@katekgen

Policy @BudgetHawks | Alum @MaryWash, @ScharSchool, @AmeriCorps | NJ ➡️ DC | Opinions = my own

Washington, DC Katılım Nisan 2015
535 Takip Edilen260 Takipçiler
Kate Generelli retweetledi
CRFB.org
CRFB.org@BudgetHawks·
🚨NEW: A Six Figure Limit for Social Security Social Security is less than seven years from insolvency – and yet, despite facing large deficits, Social Security now pays the wealthiest couples roughly $100,000 in annual benefits. Although only a tiny fraction of couples will enjoy such generous benefits in the near term, six-figure benefits will become increasingly common over time. Our newest paper in our Trust Fund Solutions Initiative offers a new option to improve Social Security solvency: establishing a Six Figure Limit for program benefits. Learn more about the Six Figure Limit below🧵⤵️
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Kate Generelli
Kate Generelli@katekgen·
Debt today is nearly 100% of our GDP! (it was more like 80% pre-Covid) lawmakers should have a plan in place when the next economic shock occurs so we can respond effectively AND prevent us from going deeper in to debt
CRFB.org@BudgetHawks

🚨In Case of Emergency, Break Glass: A Plan for the Next Economic Shock🚨 Recessions and other economic shocks are inevitable. Unfortunately, with the nation’s current fiscal outlook, the US is far less capable of addressing the next shock than it has been in the past. In light of this precarious situation, policymakers should act carefully and judiciously when the next shock occurs. To help guide thinking in the moment, lawmakers should prepare a Break Glass Plan that is ready to deploy when the time comes. Such a plan could include: 1️⃣A Highly Targeted, Near-Term Policy Response 2️⃣A longer-term package of Bipartisan Offsets 3️⃣A Default Deficit Reduction Mechanism 4️⃣A Bipartisan Fiscal Commission Read below for more information on a plan for the next economic shock 🧵⤵️

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Kate Generelli retweetledi
CRFB.org
CRFB.org@BudgetHawks·
🚨 NEW: What Would a Fiscal Crisis Look Like? One of the consequences of high and rising debt and deficits is a fiscal crisis, a sharp economic shock or downturn caused or sparked by high levels of current or expected public borrowing. A fiscal crisis can take many forms and can be sparked by a variety of factors. In this paper, we discuss and illustrate what a fiscal crisis might look like. Read more🔗 crfb.org/papers/what-wo…. 🧵⤵️
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Marc Goldwein
Marc Goldwein@MarcGoldwein·
🚨 Introducing the Social Security COLA Cap 🚨 — Our 2nd novel Trust Fund Solution The COLA Cap would: ⦿ Close 4%-27% of Social Security's shortfall ⦿ Increase progressivity ⦿ Maintain needed inflation protection ⦿ Boost payable benefits ⦿ Retain work incentives 🧵 1/
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Kate Generelli
Kate Generelli@katekgen·
Q2 real GDP was revised +0.5pp to 3.8% (annualized) & Q1 real GDP was revised -0.1pp to -0.6%
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Heather Long
Heather Long@byHeatherLong·
Another great chart that shows so many industries are shedding jobs now. -->This is a white-collar and a blue-collar jobs recession. Only healthcare, hospitality and retail are hiring. (And hospitality and retail are barely hiring) (h/t to @MarcGoldwein for the chart)
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Kate Generelli
Kate Generelli@katekgen·
Real gross domestic product (GDP) increased at an annual rate of 3.0%. Real GDP has grown 2.0% since Q2 2024 and over 5.0% from Q2 2023
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Axios
Axios@axios·
Social Security recipients are set to face an $18,000 benefit cut in just seven years. trib.al/LCW0T21
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Kate Generelli
Kate Generelli@katekgen·
PPI flat in June; Goods prices increased 0.3% and services fell 0.1% PPI is 2.4% (y/y) which is the lowest since the cooling inflation seen in September
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Andrew Lautz
Andrew Lautz@andrew_lautz·
This will go under the radar - much more than the cost of the bill - but may have even greater budget policy implications than OBBB itself. I worry, deeply, about both parties using this to undermine non-partisan scorekeeping and pass tax cuts/spending hikes w/o paying for them.
Andrew Desiderio@AndrewDesiderio

NEWS — Senate R’s refusing Dem request for a bipartisan meeting with the parliamentarian on using current policy baseline to pay for tax cuts. Budget Cmte GOP spox: “There is no need to have a parliamentarian meeting with respect to the current policy baseline because Section 312 of the Congressional Budget Act gives Graham — as Chairman of the Budget Committee — the authority to set the baseline. “There is nothing to debate and we consider this matter settled.”

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Chip Roy
Chip Roy@chiproytx·
Why there’s a problem.
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Kate Generelli
Kate Generelli@katekgen·
Real GDP fell at an annualized rate of 0.3% First decline in three years driven by a surge of imports
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Marc Goldwein
Marc Goldwein@MarcGoldwein·
Basically no inflation in March. We're now at 2.3% PCE inflation over the past 12 months. Graph via @katekgen at @BudgetHawks
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