The CBO…
…offers a cost estimate on the Big Dig.
Continue reading →Category Archives: Finance and economics
Ah, what’s $868 billion…
…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 →
The deficit: the Obama administration…
…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 →What to do about long-term unemployment?
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 →
Nightfall in America
Well worth reading, including the comments. [ADDENDUM: Here’s another good one: “the last bull capitulates.”]
Continue reading →About that Keynes/Hayek rap video
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 →Two reports on the growing unsustainability of the welfare state
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 →
So much for attempts at bipartisanship
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 →
Promises are meant to be broken: budget includes back-door taxes for middle class
[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 →
Jobs
Not.
Continue reading →Time to abolish the CBO?
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 →
A bill to restore Glass-Steagall
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 →