You’re supposed to boast when things are getting better, not when they’re getting worse more slowly.
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A mistake in my deficit post
18 May 2013 
0 Comments
I made a mistake in my Thursday post about CBO’s new deficit projection and correct it here,
Read more CBO’s new deficit estimate
15 May 2013 19 Comments
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.
Read more Eight problems with the Heritage immigration cost estimate
9 May 2013 30 Comments
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.
Read more What if the sequester was a true across-the-board spending cut?
6 March 2013 3 Comments
While the sequester is advertised as an across-the-board spending cut, it’s not.
Read more A flawed attempt to assign blame
5 March 2013 2 Comments
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.
Read more Skynotfall
4 March 2013 10 Comments
Since the issue remains squarely in the hands of the President and the party leaders I expect the sequester will hold indefinitely.
Read more The deficit does not measure the size of government
14 February 2013 7 Comments
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.
Read more Not catching up
13 February 2013 10 Comments
On our current path CBO projects we won’t reach full employment for almost five more years.
Read more The President’s sequester remarks, annotated
5 February 2013 5 Comments
I have annotated the President’s remarks today on the upcoming spending sequester.
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