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What Was Missing from Obama’s Convention

We now know more about Joe and Jill Biden’s dating history than we do about what Biden and Barack Obama would do in a second term. I understand the desire to turn politics into just another episode of...

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How to Control Entitlements: A Challenge Ike Did Not Face

Yesterday, I described President Eisenhower’s remarkable success in turning  a large deficit in fiscal 1959 into a balanced budget in 1960.  It was one of the biggest fiscal consolidations since World...

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Is the Trillion-Dollar Platinum Coin Clever or Insane?

Jim Hamilton’s Mock Up of a Trillion Dollar Coin Policy wonks are debating whether a trillion-dollar platinum coin would be a clever or insane way for President Obama to play hardball with Republicans...

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Five Key Facts about the House Debt Limit Bill

On Wednesday, the House will vote on a bill to delay the upcoming debt limit showdown. The bill includes no spending cuts, no tax increases, and no platinum coins of unusual size. Instead, it will...

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Sequester, We Hardly Knew Ye

I suspect that by early next week, the sequester will be old news. We’ll be on to the next crisis—the impending government shutdown scheduled for just a month from now. And there may be good reason for...

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Latest House Debt Limit Plan Will Accomplish Nothing

Washington may be about to do what it does best–kick the can down the road. House Republicans have tentatively agreed on a plan to extend the debt limit for about six weeks while keeping the government...

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Forgotten but Not Gone: The Long-Term Fiscal Imbalance

Over the past few years, the long-term fiscal situation has improved. With the passage of the American Taxpayer Relief Act of 2012 (in early January, 2013), the Budget Control Act of 2011, the...

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