Word: eakin
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...numbers are undoubtedly big, running into many trillions of dollars. The percentages are also daunting, with projections of total gross debt reaching 100% of U.S. GDP this year or next and surging every year thereafter. There is bipartisan agreement that the deficits and overall debt are unsustainable. Douglas Holtz-Eakin, a former director of the Congressional Budget Office, has urged policymakers not just to educate the public about the dangers ahead but also "to scare them to death" about the dire prospects if the debt is allowed to continue to grow. (See a report card on the stimulus programs...
...former economic adviser to John McCain's presidential campaign, Douglas Holtz-Eakin, who was recently invited to the White House for a jobs summit, is more aghast at the vagueness of the speech. "He did not give one dollar figure," says Holtz-Eakin. "He did not explain how anything is being paid...
...next counter came in a memo to House Republicans from economist and former John McCain adviser Douglas Holtz-Eakin, who wrote, "Jobs keep disappearing ... and the Obama Administration's only apparent plan is to double down on a failed strategy for economic stimulus." The next day, the White House went on offense, hailing a preliminary report on stimulus job creation (30,000 jobs directly created or saved by the first $16 billion in spending). House minority leader John Boehner retorted that such exulting was "beyond the pale" because "3 million private-sector jobs have been lost since it became...
...plan would make the health benefits that companies provide their workers count as taxable income, and then use that money to provide tax credits with which individuals could purchase their own health coverage. Economist Douglas Holtz-Eakin, who advised the McCain campaign, said the new plan goes further than previous Republican offerings. For instance, it would provide new incentives for insurers to offer coverage to people who now have trouble buying it because they have pre-existing health conditions. It also puts more emphasis on preventive care and sets up "state exchanges" - similar to the one now operating in Massachusetts...
...American economist under the age of 40. Both his critics and his fans admit he is usually the quickest thinker in even the most rarefied rooms, with a family pedigree that includes two uncles who separately won Nobels for economic science. "All of us are deeply resentful," Douglas Holtz-Eakin, the chief economic adviser to John McCain's presidential campaign, says with a laugh. "In terms of just genetic ability to do this - not fair...