Will the Republican Charlie Browns…
…ever catch on to the Democrats’ Lucy and the football?
Continue reading →Category Archives: Finance and economics
Feeding at the public sector trough…
…will bankrupt us. The powerful public sector unions have obtained unsustainable benefits for their retired members, and the bills are coming due.
Continue reading →Will House Dems say “We don’t need no steenking budgets”?
This House of Representatives seems intent on making history, and it’s not a good sort of history. If passing a budget—or even proposing one—causes problems and the need for debate with opponents, then hey, why do it? After all, money … Continue reading →
Goldman Sachs in trouble
The SEC has charged Goldman Sachs with “defrauding investors by allegedly marketing a financial product tied to subprime mortgages without telling them a big hedge fund was on the other side of the trade.” My first question was one which … Continue reading →
Thoughts on tax day
[NOTE: This is an edited version of an essay of mine from the past.] Today is April 15th. This means that, along with millions of others, I’ll be making my way to the copy machine and then on to the … Continue reading →
Next on Obama’s hit list: small contractors
It may have slipped under your radar screen, as it almost did mine. But I was talking to a friend who owns a small home remodeling business and he reminded me that on April 22 (Earth Day!) new EPA regulations … Continue reading →
Is Larry Summers leaving?
The answer is “yes,” if this report by Joshua Green at the Atlantic can be credited. I wondered about something similar last fall, in which I quoted this article by Charles Gasparino, who reported: I’m told that Treasury Secretary Tim … Continue reading →
Obamacare and the states
So many states are fighting Obamacare in the legal arena because they are already teetering on the edge of bankruptcy and they know this law and its demands will push them right over the precipice. That is one of the … Continue reading →
Yes Nancy, apparently we did have to pass the bill to learn what’s in it
And what a learning curve it’s been. This may come back to haunt the Democrats; I certainly hope so. We’re always told not to sign a contract without reading and studying every word. Well, HCR was one whopping big contract … Continue reading →
The joke that is the CBO
Here’s an explanation of how the CBO works—or fails to—because of the ridiculous rules by which it is bound. I agree. As I wrote back in December 2009: The CBO has become a way to give the imprimatur of fiscal … Continue reading →
McArdle on the CBO score
Shorter McArdle: the CBO scoring has become a joke, and the bill is a financial disaster. But nobody who wants to vote for it is listening or cares. [NOTE: A while back, I made a similar point as McArdle on … Continue reading →
The CBO…
…offers a cost estimate on the Big Dig.
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