Fiscal Policy

Usually, when Democrats on the national level propose something that is misguided, irresponsible, stupid or – worst of all – presuming of stupidity on the listener’s part, it goes in one ear and out the other. As this item from the President’s speech Thursday night is all of the above in truckloads, however, there simply…

Yesterday, MoveOn.org and several like-minded local groups held a protest at the statehouse. According to Philip Marcelo of the Projo, the theme was opposition to the debt-ceiling deal signed into law last week. Immediately following the Tax Day Tea Party rally this past April, commentary was offered, in this and other forums, that not enough…

I’ve complained about the “cuts” game played by the government. I’m happy to learn that most people get it: Congress and presidents have been playing the “spending cuts” game for years, but most voters know what they’re really talking about. Sixty-two percent (62%) of Likely U.S. Voters understand that when Congress mentions future spending cuts,…

This is from Page 3 of the official statement from Standard and Poor’s on their downgrade of the US credit rating…Despite this year’s wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive…

I saw a headline from a CNN newscast from last evening that read “Dow Drops Despite Debt Deal”. With the disclaimer that you don’t want to attribute too much significance to a single day’s movement in the stock market, I don’t see the drop as paradoxical or even random. The first chapter of any book…

I know I’ve beaten and flayed this particular horse unicorn (a unicorn is a mythical creature, just like actual government “cuts”), but I continue to stress that there are no “cuts” in the recent deficit deal because it undermines the hyperbolic sturm und drang being propagated by liberals like Froma Harrop who are calling Tea…

The debt ceiling and budget deal has passed the House, with Congressmen James Langevin and David Cicilline both voting in favor. Keith Hennessy has a good summary of what’s contaned in the deal, available here (h/t Instapundit).

Kathryn Jean Lopez of National Review Online has posted an outline of a debt ceiling and budget process deal that Speaker of the House John Boehner sent to the Republican caucus this evening.