Fiscal Cliff Solutions: Soar Over the Cliff or Kick the Can
Kicking the can is the least repugnant remaining resolution to the fiscal cliff. The only alternatives appear to be the Republicans’ unconditional surrender on income tax rates (and conceding their...
View ArticleDebt Ceiling: Default Not at Issue, Federal Spending Is
President Obama is expected to make his case for a debt ceiling increase at a press conference this morning. The development comes as House Republicans are reportedly weighing “default” and “government...
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Obama’s Press Conference: Debt Ceiling Spin
Brendan Smialowski/AFP/Getty Images/Newscom President Obama referred repeatedly to the debt ceiling debate in today’s press conference in a textbook example of Washington “spin,” or the art of...
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The Curious World of Jack Lew, Treasury Secretary Designate
Win McNamee/Pool/Sipa USA/Newscom President Obama has nominated White House Chief of Staff Jack Lew to succeed Timothy Geithner as Treasury Secretary. Lew could be in for some tough questioning. For...
View ArticleKrugman Still Wrong on Federal Spending and the Economy
A not-so-small cottage industry has grown up refuting liberal economist Paul Krugman’s public pronouncements. It’s not a hard industry to join, and there’s plenty of work, but it can be repetitive....
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Bernanke’s Defense of Fed Policies Neither Comforting nor Convincing
Newscom Do the risks from the Federal Reserve’s trillion-dollar annual stimulus program justify the rewards? That was the central question at Tuesday’s Senate Banking Committee hearing featuring Fed...
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Morning Bell: A Stark Choice for America’s Budget
For the first time in four years, the U.S. Congress is engaged in a full-throated budget debate. Take a moment for at least a quiet “Hurrah!” The federal government has at last embarked on its most...
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Hunting for Surprises in the Obama Budget
Douglas Graham/CQ Roll Call Photos/Newscom It is somehow fitting President Obama released his budget for Fiscal Year 2014 after Easter, a mere 65 days late—but who’s counting? Fitting because going...
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Debt Limit and Tax Reform: Both Important, But On Their Own
Newscom Press reports link the coming debt limit debate with the building effort for tax reform. The debt limit and tax reform are both important, but the connection ends there, as it should....
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The Euro Loses a Big Supporter and Gains a New Neo-Con
Album / Oronoz/Newscom Definition of an American neo-conservative: A liberal mugged by reality. The new poster child for the budding European neo-conservative: Oskar Lafontaine? Lafontaine, German...
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