It is time to stop worrying about who gets blamed when things go wrong and start working on getting economic policy right.
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Tag Archives: featured
The price of politics: a bit over $1 trillion
13 September 2012 
8 Comments
If Mr. Woodward is right, President Obama is intentionally using these numbers, these “tricks,” to mislead you. He wants to claim credit for as much deficit reduction as is in the Ryan budget, but he didn’t want to propose the spending cuts and/or tax increases to hit that target.
Read more President Obama's Cleveland economy speech – detailed outline
15 June 2012 Comments Off
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 The ratio of spending cuts to tax increases in the President’s budget
13 February 2012 Comments Off
Contrary to Mr. Lew’s assertion, the President is proposing at least $1.20 of tax increases for every dollar of proposed spending cuts. The President’s budget locks in historically high spending levels and relies more on tax increases than spending cuts for the limited deficit reduction it proposes.
Read more President Obama’s changing economic problem definition & deficit strategy
23 January 2012 Comments Off
President Obama’s primary economic problem definition has varied widely over time, and his deficit message has changed even more.
Read more Congressional Republicans' strategic shift on taxes
22 November 2011 Comments Off
The most significant element of the failed Super Committee negotiations is that Republicans offered to cross the no-net-tax-increase line in exchange for structural entitlement reform or structural tax reform and a permanent answer on tax rates.
Read more Democracy is SO inconvenient
24 October 2011 Comments Off
I am not surprised that the President is using the legislative flexibility he has to maximum effect. I am a bit surprised that he sees a political benefit in framing himself as an Imperial leader who can and should ignore democratic processes.
Read more Three silly stimulus arguments
26 September 2011 Comments Off
Here are responses to three silly stimulus arguments I hear frequently.
Read more If the Joint Committee fails, some ObamaCare spending will be cut
3 August 2011 1 Comment
On Monday I missed the new Affordable Care Act (ObamaCare) mandatory spending. While the biggest spending components of this law would be exempt from the sequester, significant parts of it would be subject to cuts if the Joint Committee fails.
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