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...
View ArticleHow 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...
View ArticleIs 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...
View ArticleFive 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...
View ArticleSequester, 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...
View ArticleLatest 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...
View ArticleForgotten 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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