Back to the Budget

January 29, 2015

One of the least remarked upon aspects of the President's State of the Union address last week was that it made no reference to the federal budget or to the deficit. Nor, for that matter did any of the seven - yes seven! - official or quasi-official Republican rebuttals.

Why has the budget become a [more…]

The Greek Experiment

January 27, 2015

Let me congratulate the Greeks for taking the first, but only the first, step towards a more civilized economic policy. I am intrigued by the prospect of Yanis Varoufakis as economic minister deep in argument with any of the large number of radicals that infest European economic posts. And, yes, they are the radicals. The [more…]

Feel The Love – Davos Style

January 22, 2015

You will have seen or heard by now that our rich and beautiful are ensconced in their annual self-congratulatory power meet-up in Davos. This is where they all make what they consider to be important statements about the state of the world, where they have lots of important conversations, and make, or reinforce, lots of [more…]

Change of Leadership?

January 21, 2015

Let me take another crack at last night's State of the Union address. We all know these speeches are meaningless in terms of actual policy. The President has little control over what gets legislated. So any grand statements are simply attempts to move the epicenter of discussion and to create political fog in the already [more…]

Posture or Policy?

January 20, 2015

The media seems to be abuzz with the new and revitalized Obama. He is everywhere proposing all sorts of policies that are bright and shiny. More to the point they have a distinctly liberal sheen.

Take his proposed tax changes: raise taxes via a numbers of small changes to the tax code on the rich, [more…]