America needs to slow significantly the growth rate of government spending on the major old age entitlements. Language such as that used by President Obama may scare some seniors into voting for him, but it will make needed reforms that much more difficult after the election.
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President Obama's Cleveland economy speech – detailed outline
15 June 2012 
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This is my attempt to build a detailed outline of the economic speech President Obama gave in Cleveland yesterday. The prior post is a much shorter outline than this one.
Read more President Obama's Cleveland economy speech – high-level outline
15 June 2012 Comments Off
This is my attempt to outline President Obama’s economic speech, given yesterday in Cleveland. This is a super short high-level outline. The following post is a much more detailed outline.
Read more Why delay austerity decisions?
8 June 2012 1 Comment
We meet Lefty and Righty, who are discussing stimulus and austerity.
Read more America's entitlement spending problem
24 April 2012 Comments Off
The Social Security financing gap is $23.2 trillion. Over the next twenty years, demographics are a bigger driver of entitlement spending growth than are health care costs.
Read more Eight month scoop?
19 March 2012 Comments Off
I think this means I scooped the Post by about eight months.
Read more The President’s economic policy priorities
28 January 2012 Comments Off
The massive recent and planned future expansions of government are the greatest threats to ongoing American economic strength in both the short and long term. Expanding the scope of government further as the President proposes will make things worse, not better.
Read more Why I oppose the Gang of Six plan
21 July 2011 Comments Off
I strongly oppose the Gang of Six plan. I think it is absolutely terrible fiscal policy.
Read more Understanding Cut, Cap, and Balance
18 July 2011 Comments Off
Sometime this week the House of Representatives will consider Rep. Jason Chaffetz’ H.R. 2560, the “Cut, Cap & Balance Act.” I recommend supporting this bill even with its significant imperfections. I place enormous value on the creation of an enforceable cap on total government spending.
Read more The substance of the budget negotiations
17 July 2011 Comments Off
Piecing together information on a moving target from several sources, here’s my best interpretation of where the substance of budget negotiations stood as of late Thursday / Friday.
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