Archive for the ‘Fiscal Policy’ Category

1) The deficit is down because of less spending and more revenues 2) themes in tax reform to worry about.

January 22nd, 2015

The picture I’m about to show you is not a shocker if you follow this sort of thing but I made it for a presentation this AM and damnit, I’m gonna use it! It shows federal gov’t spending and receipts since 2007, in dollars adjusted for both inflation and population growth. The deficit/GDP ratio’s in… Read more

Sunday Snippets: Three News Stories that Catch the Eye

December 14th, 2014

The Cruz Paradox: Senate hits a level of dysfunction that actually somehow turns back on itself and gets things done. As far as I can tell, this is a new phenomenon in the space-time continuum of political science: In their negotiations over the CRomnibus spending bill, a couple of conservative senators—Sens. Cruz and Lee—insisted on… Read more

My talk to the Roosevelt Institute Campus Network

December 12th, 2014

It was my privilege last night to give the keynote presentation at the Roosevelt Institute Campus Network’s 10th anniversary party. Why me? Because when they started out a decade ago, I recognized what a great idea they had and tried to help a bit. What they’ve accomplished since then is remarkable and gives me hope for… Read more

Who you callin’ massive? The CRomnibus actually cuts discretionary spending to historic lows as share of GDP.

December 12th, 2014

If you Google “massive budget bill” you get a lot of hits. “House…Approves Massive Spending Bill” “Congressional leaders unveiled a massive $1.01 trillion spending bill…” “…the House narrowly passed a massive spending bill late Thursday” “A massive federal spending bill finally won the House’s approval Thursday night…” I fear such language is massively misleading. True,… Read more