The argument of the day in Washington seems to be about who creates jobs in the US. For years Republicans have been arguing that we can not tax the “job creators” without jeopardizing the economy. Each dollar in new taxes reduces the amount of...
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Category Archives: U.S. Federal Spending
Message to Washington Republicans – STOP BEING IDIOTS! Not raising the debt ceiling is about to start costing money. I’m not sure what more it is going to take to convince Republicans. In the last few weeks, Republicans have had some of the best economists...
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Note to Washington – the debt ceiling should not be treated like it is a sick episode of a family reality TV show. Look at one of the latest snippets from yesterday’s talks between the President and Congressional leaders courtesy of the Washington...
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In the wake of the U.S. debt ceiling drama Mitch McConnell and other “conservative republicans” claim that the U.S. looks a lot like Greece. If this is true (the data says it is not) why aren’t McConnell and other Republicans, willing to...
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As Republicans demanded, Obama has gotten involved. Meetings were held on Monday with Senate Minority Leader Mitch McConnell and Majority Leader Harry Reid. He met with the Speaker of the House John Boehner last week. Yesterday, Obama took the discussion to the American...
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UPDATE – Monday Meetings with Obama - Separate meetings are scheduled with Speaker of the House Boehner and Senate Majority Leader Reid. Makes me nervous that they have to have separate meetings. Can’t this preliminary stuff that needs to be done individually...
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I’ve been writing about the pending debt ceiling crisis since March. To even the most casual observer of the US Federal Government it won’t be shocking to find there is no real progress. Right now Republicans have stated that they will only...
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Bruce Bartlett has an interesting article on the drivers of the Federal Government’s increase in debt since 2001. Here’s the key take aways: Spending increases have caused about 50% of the debt Declines in revenues i.e. tax cuts caused about 50% of the debt...
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