The House has passed (221/207) what’s known as the “Ryan budget,” after the Democratic proposal failed to garner enough votes. I have mixed feelings about this. On the one hand, I think it’s good that Republicans did something. On the … Continue reading →
…of the Twinkie. I never, never ever, cared for the things, so I don’t have a dog in this race. But some of you may care very, very much.
Continue reading →More on Cyprus: Here’s a good article about why what happened in Cyprus is important. And the comments to the article are worth looking at, too. This article gives a clear explanation of how the EU could be so stupid. … Continue reading →
…did in fact reject the bill to “tax” bank deposits, even though it had been amended to exclude smaller investors from the levy. The vote was 36 against, 0 in favor, and 19 abstentions. Hundreds of protesters outside Parliament cheered … Continue reading →
…unlike the EU “leaders” and the Cyprus president who agreed to the reckless trashing of the people’s trust in the integrity of their bank accounts: Cyprus’s Parliament is likely to reject an international bailout package that involves taxing ordinary depositors … Continue reading →
To save the Cyprus banking system, they have to destroy people’s faith in it. Does that make any sense to you? It doesn’t to me. Ah, but they promise they won’t do it again—just this once! But why would anyone … Continue reading →
…and most of the Republicans in Congress don’t really seem to want to do very much of it. There’s a reason for that: human nature. Such cuts are unpopular with people. Ever since the 1930s, this country and Europe have … Continue reading →
No, he doesn’t use the l-word. But he says it nonetheless, and in the WaPo. Of course, the days when Bob Woodward could make presidents shake in their shoes are long gone. Not sure anybody cares now. There’s much more … Continue reading →
Revisiting income inequality. I say “revisiting” because of this earlier post of mine on the subject.
Continue reading →…when you say it’s “almost a false argument,” does that mean it’s like, you know, true?: It is almost a false argument to say we have a spending problem. We have a budget deficit problem that we have to address,” … Continue reading →
Read this and get angry about Obamacare all over again. Remember how it had to receive a good report from the CBO in order to be passed? Well, here’s how the smoke and mirrors worked: In sum, the scorekeeping baseline … Continue reading →
…but that’s actually good, according to Alan B. Krueger, the White House Chairman of the Council of Economic Advisers. Or something like that. And then there’s the news that, under Obamacare, the “bronze” plan for a family would cost about … Continue reading →