Archive for the ‘Fiscal Policy’ Category

#Fiscal_Friday: Three fiscal points to absorb before you start your weekend

August 25th, 2017

–Deficit neutral vs. revenue neutral: This is really important and while the distinction is straightforward, I’m seeing some confusion out there. The R’s get this and they’re clearly, though subtly, shifting their rhetoric from rev neutrality to deficit neutrality. To pass their tax cuts under budget rules that allow them to evade a Senate filibuster,… Read more

A few links: eroding norms and the limits of presidents re the economy

August 2nd, 2017

I’ve had a couple of WaPo posts out to which I’ve been meaning to link. This first one, on the warp speed of norm erosion in the Trump era, has the interesting feature that its shelf life was vastly shortened by the Mooch getting the bootch later in the very day I posted. Of course,… Read more

One more point about the KS legislature’s KO (Kansas Override) of supply-side tax cuts

June 12th, 2017

I’ve been citing the KO–the Kansas legislature’s override of Gov. Brownback’s veto, thus pulling the plug on the state’s failed experiment with supply-side tax cuts–ever since I heard about it, as have many others. The story raises welcome hopes that moderate R’s might be waking up to the fiscal reality that many constituents value public goods… Read more

Catching up on some links…

May 25th, 2017

…to stuff in faraway lands. EG, here’s a piece in the NY Daily News wherein I argue that for all the voices proclaiming that Trump’s really nasty and thoroughly mathematically challenged first budget is “dead-on-arrival” in the Congress, that’s unfortunately not quite accurate. Why not? Because “virtually every priority in Trump’s budget is one that Republicans… Read more