The Cato Institute on the Gang of Six’s budget proposal
Here’s the analysis.
Continue reading →Category Archives: Finance and economics
Obama’s debt ceiling presser
Just now I happened to listen to President Obama’s press conference on the debt ceiling negotiations. He talked an unsurprising “each side must compromise” line and made himself out to be the great conciliator. I find the entire process at … Continue reading →
The debt ceiling crisis
You may have noticed I haven’t yet written about the fight over raising the debt ceiling. That is probably because not only do I have a tendency to shy away from anything to do with economics, but also because I … Continue reading →
Obama and the jets
I didn’t watch President Obama’s press conference yesterday. But many of those who did noted his continuation of the class war that is one of his very favorite ploys, as well as his hypocrisy, and his discomfort at answering questions … Continue reading →
Gas prices won’t be going down any time soon…
…if OPEC has anything to say about it: PEC talks broke down in acrimony Wednesday without an agreement to raise output after Saudi Arabia failed to convince the oil cartel to lift production. “We were unable to reach an agreement … Continue reading →
College graduates find a tough job market
The news that college graduates have been having trouble finding jobs, especially positions in their fields, should come as no surprise whatsoever. Different generations have different patterns of luck, and those who come of age in a time of economic … Continue reading →
The rich, the poor, and taxes: what’s a fair share?
Our friend Paul Krugman tackles the idea that the right is misrepresenting the facts when it says the rich pay a lot more in taxes than the poor: The claim that only rich people pay taxes is a zombie lie … Continue reading →
Slow news days
Have you noticed the news has been relatively slow lately? What is conventionally thought of as “news,” that is. There’ve been no significant rumblings of revolution in still another Middle East country and calls to war. No oil spills. No … Continue reading →
Obama’s budget speech
I didn’t watch Obma’s speech last night. Fortunately, I was busy doing other—and more pleasant—things. But from the reports I see, I don’t think anyone was pleased with it, left or right, with the exception of a few of the … Continue reading →
The budget compromise: smoke…
…and mirrors. See also this.
Continue reading →It’s taxing: hikes and breaks
In President Obama’s speech tonight, he will speak of “tax reform,” among other topics But the details are being closely guarded. It’s unclear whether he will propose some sort of tax hike for the “rich,” or the expiration some of … Continue reading →
The progressive People’s Budget
Byron York reports on the budget that the House’s Progressive Caucus would like to see passed. The caucus is not small; it contains “76 members, about 40 percent of the 192 Democrats in the House,” including Barney Frank, John Conyers, … Continue reading →