…among friends?: Obama boasted Monday that Democrats’ health care proposals would cut deficits by $1 trillion “over the next decade,” a flub that inflated the actual estimate by $868 billion. This did not appear to be an ad lib, either; … Continue reading →
…has mortgaged our future, saying it’s okay because the good times will start rolling soon. Or are they aiming for the collapse of the economy?
Continue reading →I am not an expert in economics or business, nor do I play one on TV. But when Megan McArdle, who is both of those things, writes that there’s not much that government can do for the long-term unemployed, I … Continue reading →
Well worth reading, including the comments. [ADDENDUM: Here’s another good one: “the last bull capitulates.”]
Continue reading →Remember this clever video on Keynes and Hayek’s theories? Look at the actors in it: And look at the actual men, when they were young. Here’s Keynes: And here’s Hayek: Pretty good likenesses, no?
Continue reading →This WSJ piece and this one from RealClearMarkets both comment on the fact that the bills have come due for the welfare state. This is most readily apparent in Europe, a part of the world that has pursued the cradle-to-grave … Continue reading →
One would think that—if bipartisanship were possible—one issue on which Congress might be able to unite would be jobs creation. After all, everybody knows jobs are needed, and everyone wants credit for reducing unemployment and helping the economy. What’s more, … Continue reading →
[See UPDATE below.] Sadly enough, this comes as no surprise whatsoever: The Obama administration’s plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a … Continue reading →
Not.
Continue reading →I was thinking today that the CBO (Congressional Budget Office) serves no useful purpose anymore. It’s not allowed to tell the truth. Instead, it has become the tool of a Congress willing, eager, and all too skilled at tailoring legislation … Continue reading →
I almost missed the fact that last week John McCain proposed a bill to reinstate Glass Steagall (see these articles for my previous thoughts on restoring the act). This is a reminder of why John McCain, with all his very … Continue reading →
Remember that promise the Obama administration made, that health care reform would be financed by cost-saving machinations that would eliminate waste while maintaining quality? Turns out that those measures are unspecified and unknown, theoretical and untested, and that major players … Continue reading →