The Coverage of Egypt and the Fundamental Deficiencies of News in the US

The coverage of Egypt shows an over-reliance on pundits and an under-reliance on actual experts.

Will The GOP’s Love For Endless War Trump Fiscal Conservatism?

The GOP is facing a battle between its fiscal conservatism and i’s military adventurism.

Bipartisan Budget Busting

It is always easier to compromise on more spending and less taxes.

US Capitol Rotunda US Capitol Rotunda

SOTU Instant Polls Show Success For Obama

The initial instant reaction to the President’s speech last night was largely positive, but does it really matter?

I’ll Have What Mankiw’s Having

Greg Mankiw has a plan for cutting the deficit.

American Voters Continue Their Perpetual Fiscal Immaturity

We won’t be able to solve our fiscal problems until the American people grow up. So far, there are no signs of that happening.

Where Are America’s Jobs?

What happened to the 15 million jobs that were supposed to be created in the past 10 years but weren’t?

Midterm Grades: Barack Obama

Time for midterms.

Sarah Palin Unfavorables Reach Critical Mass

Sarah Palin’s unfavorability ratings continue to climb. And there’s very little room for her recovery.

Civility to Republicans’ Advantage?

Now that Republicans have the House, wouldn’t they be better off playing nice?

The Health Care Debate Underscore the Fundamental Problem with the GOP

The current approach of the GOP to health care is not dissimilar to its approach to fiscal policy: not a lot of substance.

Americans Hate Taxes And The National Debt, Don’t Know What They Want To Cut

The American public still has a totally unrealistic view of what it will take to get the Federal Government’s fiscal house in order.

Illinois’ 66 Percent Tax Hike

Faced with mounting debt, the lame duck Illinois legislature rushed through a massive tax hike in the wee hours this morning.

Deficits, the CBO and H.R. 2

When determining the effects on the deficit of a certain legislative action, both revenues and spending have to be accounted for. Indeed, you can’t determine whether there is a deficit, surplus or balanced budget without both variables.

Gravy Train About To End For The Washington, D.C. Area?

Some people in the D.C. area are worried that the Federal spending gravy train may be coming to an end. They should be.

Debt Ceiling Vote Will Be The GOP’s First Test

Freshman Members of Congress are threatening to block a vote to raise the debt ceiling that Congress will have to take by this Spring. They’d be irresponsible if they did so.

Time To Put Defense Cuts On The Table

With just over a week to go before the 112th Congress convenes, battle lines are already being drawn in battle over the defense budget.

iPhone Adds $1.9 Billion to US Trade Deficit

Did you know that the iPhone is made in China for a mere $6.50? It’s false but true!

Republican Hypocrisy On Pork Barrel Spending

The incoming House Republicans aren’t making a good first impression.

Americans Discontent, Nervous About Economy, And Unsure Of Republicans

A new poll shows that the American public is discontented, nervous about the economy, not entirely sure they can trust the new GOP majority in Congress, and has no idea what it wants from Washington. Sounds like a recipe for disaster.

A Quick Word or Two for the No Labels Folks.

Has anyone told Mike Bloomberg that “No Labels” is, well, a label?

Krauthammer Declares Obama the Winner of the Tax Debate

Krauthammer thinks Obama tricked the GOP into agreeing to Stimulus II.

Michael Bloomberg Says He Isn’t Running For President

New York Mayor Michael Bloomberg says he isn’t running for President, but he’s sure acting like a guy who’s at least thinking about it.

Super-Majority Requirements and Fiscal Outcomes (Tax Compromise Edition)

The pending compromise between the two parties on taxes and other policies underscores the fact that enhanced minority power (in this case, the filibuster power) helps contribute to fiscal irresponsibility.

Obama’s Sister Souljah Moment?

President Obama’s press conference yesterday, bitterly railing against Democrats in the Congress for being “purist” and “sanctimonious,” is brilliant triangulation.

Obama Defends Tax Cut Deal As Democrats Signal Opposition

Amid signs that Democrats in Congress might rebel against the tax cut deal he struck with Republicans, President Obama took to the airwaves today to defend it at the same time that his base is rebelling against it.

President Obama, GOP Reach Tax Cut Extension Deal

President Obama and the GOP have reached a deal on extending the Bush tax cuts that gives the GOP virtually everything it wanted.

Obama’s Federal Pay Freeze A Sign Of Clintonian Triangulation?

Is President Obama’s Federal pay freeze a sign that he’s moving to the right, or just pointless symbolism?

Obama’s Federal Pay Freeze Unpopular Among Progressives

President Obama’s plan to free federal employee pay is getting praised by Republicans but is wildly unpopular among progressive activists.

The Failure of “Starve the Beast”

The Republican talking point that lowering taxes lowers spending and raising taxes increases spending is denied by reality.

Alan Simpson Fights Back Against Deficit Commission Critics

Former Senator Alan Simpson is fighting back against the critics on the left and the right who are shooting down the Deficit Commission’s plan before it’s even been released.

The Real Deficit-Reduction Math

There is a simple mathematical equation that explains why deficit reduction is so difficult.