Archive for the ‘Fiscal Policy’ Category

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

You Go, House D’s!

December 11th, 2014

This may well be out-of-date by the time you read it but as I write it, the House D’s are considering blocking the CRomnibus budget bill proposed by the R majority to keep the gov’t running past its deadline at midnight tonight. Details here, but the R’s went too far by adding in repeals of… Read more

The House and the Fed go in opposite directions on financial market oversight.

December 10th, 2014

Ensuring that financial institutions have adequate capital buffers is an essential line of defense against the bubbles and busts that have characterized the US business cycle in recent decades, at great cost to the living standards of most households. So I was happy to see the Fed’s proposal to kick up banks’ reserve requirements, especially… Read more