If like me, you hate tax rate increases on anyone and detest having the government own two massive mortgage finance companies, then you should feel no comfort from today’s deficit news, which is almost entirely the result of those policies.
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Eight problems with the Heritage immigration cost estimate
There are so many problems with the Heritage study that this $6.3 trillion number is useless for making policy decisions. It might as well be plucked out of thin air.
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Opposing the President’s FHFA nomination
By nominating Mr. Watt the President signals a return to the pre-crisis philosophy of regulating housing finance risk. That is a huge mistake. Mr. Watt should not be confirmed to head the FHFA.
Read moreGeorge W. Bush is smarter than you
The new George W. Bush Presidential Center is being dedicated this week. This seems like a good time to bust a longstanding myth about our former President, my former boss.
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How filibusters work and why they are so rare
Last night Senator Rand Paul from Kentucky led a 13-hour filibuster of the nomination of John Brennan to head the CIA.
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What if the sequester was a true across-the-board spending cut?
While the sequester is advertised as an across-the-board spending cut, it’s not.
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A flawed attempt to assign blame
The President’s initial attempt to blame Republicans in Congress for current and future economic weakness is flawed because House Republicans passed a bill that would have the same macroeconomic effect as the President’s proposal, at least for this year.
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Skynotfall
Since the issue remains squarely in the hands of the President and the party leaders I expect the sequester will hold indefinitely.
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The deficit does not measure the size of government
The deficit does not measure the size of government. As a fiscal matter we should measure the size of government by the amount government spends.
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Not catching up
On our current path CBO projects we won’t reach full employment for almost five more years.
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15 May 2013 

