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WSJ op-ed: Time to Call the President’s Budget Bluff
The Wall Street Journal has published an op-ed of mine, titled "Time to Call the President’s Budget Bluff."
More on the President’s veto bluff
At the moment I worry less about the President’s goals and priorities, and more about his negotiating skill and his capacity to reach agreement with those with whom he strongly disagrees.
The President is bluffing
The President's veto threat is about whether he wants to cause a recession in 2013 and hamstring his second term.
Reactions to the President’s press conference
No matter who gets blamed for it, a legislative stalemate leads to a terrible short-term macroeconomic consequence: increased unemployment and a new recession.