Archive for the ‘New Posts’ Category

Hey, What’d I Miss? OTE 11/25 — 12/15

December 15th, 2014

On November’s employment numbers: my first impressions of the month’s solid employment report, asking Congress and the Fed not to mess up the recovery, and questioning Twitter’s role in compressing the employment report news cycle. On the 2015 budget: describing why House cuts for the IRS are a big mistake, explaining how the CRomnibus actually… 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

The budget deal,underpriced risk, and financial market instability

December 12th, 2014

Just a quick note on an aspect of this budget deal that’s in progress—a point I haven’t seen adequately fleshed out, i.e., the connection between what’s happening in real time and future financial instability. First, an update: The House narrowly passed the CRomnibus (Cramnibus?) despite the fact that it had a number of provisions to… Read more