I posted yesterday about the stunning political incompetence of Republican Senators, who reportedly are willing to give Obama an increase in the debt limit in exchange for a vote (yes, just a vote) on a balanced budget amendment. As I explained, there is no way they…
Daily Analysis
The Stupid Party Strikes Again: Republicans May Raise Debt Limit in Exchange for Symbolic BBA Vote
The old joke in Washington is that Democrats are the evil party and Republicans are the stupid party (which is why you should guard your wallet and freedom whenever you hear talk of “bipartisanship”). The GOP definitely is doing what it can to prove that at least one…
I’m Shocked, Shocked, that Obama Wasn’t Telling the Truth about the Cost of Obamacare
This won’t surprise anyone with a pulse, but Obama, Reid, Pelosi, et al, were disingenuous about the costs of Obamacare. The Congressional Budget Office has released revised numbers and government-run healthcare will cost 8.6 percent more than what was projected in…
Are Republicans Winning the Budget Battle but Losing the Budget War?
Among advocates of limited government, there is growing unease about the fiscal fight in Washington. This is not because anything bad has happened. Indeed, Democrats thus far have been acquiescing – at least on a temporary basis – to conservative demands for $61…
The “McDonald’s Test” for Budget Cutting
I thought my post about budget cuts earlier today, mocking the biased language of the Washington Post, was clever. But I’m definitely an amateur blogger. Check out these posts, at Powerline Blog and Arizona Economics. These guys put me to shame with very clever…
Bush Was Not a Conservative
There’s an interesting debate in the blogosphere about whether President George W. Bush was a conservative (here’s a good summary of the discussion, along with lots of links, though I especially like this analysis since it cites my work.). I’ve already explained that…
Does the Washington Post Really Think “Slash” Is the Best Way to Describe a Plan to Trim $6 Billion out of $3.8 Trillion?
Washington is Fantasy Land. Only in this corrupt city can you turn increases into cuts merely by increasing spending by less than previously planned. And almost every politician magically knows how to transform “spending” into “investment.” So I’m used to Orwellian…
Five reasons Why Switzerland Is Better than the United States (but Five Reasons Why I’ll Stay in America)
Greetings from Montreux, Switzerland, on the shores of Lake Geneva. There aren’t many places where palm trees are framed by snow-capped mountains. Heck, even I managed to take a decent photo. But let’s shift back to the world of public policy. Every time I’m in…
China, Currency Wars, Monetary Policy, and Competitiveness
I was part of a debate for an English-language Russian TV program on the international implications of economic policy, particularly with regard to the United States and China. My job was simple because I am not a big fan of either nation’s policy. Government…
Norquist Is Right and Coburn Is Wrong: Tax Increases Will Lead to More Spending, Not Lower Deficits
There’s a significant debate now taking place in Washington – largely behind closed doors, but sometimes covered by the media – on whether fiscal conservatives should maintain a rigid no-tax-increase position. One side of the debate features Grover Norquist of…