Tag Archives | spending cuts
Sen. Mike Crapo speaks to reporters about Simpson-Bowles debt commission in late 2010.

More Reasons Why Fixing the Debt Crisis Is Hard

The drumbeat of worry is growing as the US approaches the fiscal cliff, when the Bush tax cuts and Obama payroll tax cuts expire and automatic spending cuts kick in just as Congress debates extending the debt ceiling yet again.… More…

Romney on Face the Nation

Mitt Romney’s Supply Side Delusions

Republican presidential nominee Mitt Romney is a very smart man and a great businessman, as is clear from Michael Kranish and Scott Helman’s The Real Romney, which I’m reading now.

But politics must addle the brain like Southern Comfort … More…

Former Treasury Secretary Lawrence Summers at Davos in 2010

Keynesians Try Another Comeback

The economic philosophy of John Maynard Keynes had a brief revival after the financial crisis of 2008. Desperate politicians tried to save the global economy–and their own jobs–by launching stimulus plans to plug an “output gap,” the gaping hole that … More…

Rep. Jeb Hensarling (R-Tex.)

Congress Plays Chicken with Debt Again

UPDATED November 20th

It’s looking worse and worse… More…

President Sarkozy and Chancellor Merkel

Politicians Have Wrecked the Markets

On Friday, July 22nd, the Standard & Poor… More…

US Soldier in Afghanistan

The GOP Throws Defense under the Bus

All the players in Washington are congratulating themselves on raising the debt ceiling and staving off default. House Speaker John Boehner crowed that he… More…

Marilyn Monroe

Happy Birthday, Mr. President

So, we have a deal on raising the debt ceiling… More…

Senate Minority Leader Mitch McConnell

Updated 8:50 PM July 31, 2011

So said Mitch McConnell, the Senate Minority Leader, on … More…

Tea Party Rally

The Tea Party’s Moment of Truth

The Tea Party looks like it’s won a big victory—the “grand bargain” that President Obama and Speaker of the House John Boehner were negotiating has collapsed, and with it any hope by Democrats that a big deficit-reduction package would include … More…

MitchMcConnell1a

Eyeball to Eyeball, and He Blinked

Washington… More…