Posted in Blog Post on Jul 30th, 2011
Imagine we’re in a boat with a slow leak. One passenger is trying to bail out water. The other passenger complains that it’s not being done fast enough. Rather than help bail, the 2nd passenger decides the best way to motivate faster work is to punch a larger hole in the boat. Expenditures, as a [...]
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Posted in Blog Post on Jul 29th, 2011
This is what passes for fiscal conservatism today: Faced with the very real possibility of default less than seven days away, the current favorite GOP talking point presents President Obama as a politically calculating fear-monger, trying to scare old people and markets with tales of what will happen if we don’t raise the debt ceiling. [...]
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Posted in Blog Post on Jan 7th, 2011
The results are in on the “miracle” of conservative smoke and mirrors budgetary policy in Texas: For Texas is where the modern conservative theory of budgeting — the belief that you should never raise taxes under any circumstances, that you can always balance the budget by cutting wasteful spending — has been implemented most completely. [...]
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Posted in Blog Post on Sep 17th, 2010
Bush Tax Cuts Had Little Positive Impact on the Economy – TheFiscalTimes.com. It’s not for lack of trying, but no one can find evidence that Bush’s economic polices helped the economy. The center piece of the policies were the tax cuts. Trillions of dollars in GOP wet dream supply side economics was an abject failure. [...]
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Posted in Blog Post on Sep 15th, 2010
I’ve had a few exchanges with my Dad about politics. He’s pretty far to my right. During the 2008 election cycle I heard he and some of his friends making sour comments about the “Kenyan socialist” and how his Presidential ambitions were just frightening. He blames Obama for the latest increase in his Medicare premiums, [...]
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