The dollar’s steady and sometimes fleet downward slide in exchange markets is eliciting a number of interesting explanations, but most commentators are only looking at their favorite piece of the economic puzzle. The dollar is under pressure against, well, every currency that matters. But why, and are there other financial …
The White House put out talking points on Tuesday in an attempt to deflect the debate on the multitude of tax increases in the health care plan working through the Senate Finance Committee. These tax increases almost uniformly violate (again) the President’s plan not to raise taxes on middle-income Americans. …
Senate Finance Committee Chairman Baucus’ (D-MT) health care reform proposal includes a number of reforms to reduce Medicare outlays. Medicare, as is now well established, is unsustainable in its current form. Projections of promised benefits far outstrip projections of program receipts, leaving the nation with an unfunded obligation of tens …
The Senate Finance Committee will soon take up Chairman Baucus’ health care reform proposal for consideration and amendment. The initial proposal as outlined September 17 was incomplete in many respects and a detailed evaluation is impossible. There was enough detail to provide a meaningful initial reaction . The Congressional Budget …
The snarky aside is a common tool substituting for a sound argument. Sadly, a Wall Street Journal editorial today gave in to the temptation. The subject was the announcement by the Federal Reserve that it would maintain its basic, highly accommodative monetary policy stance for “an extended period”. The Fed …
According to President Obama’s televised remarks, he recently met with Congressional Budget Office (CBO) Director Doug Elmendorf to discuss health care reform. Of course, the President may desire to meet with anyone if he believes such a meeting can help advance his agenda. However, it is extremely disturbing for a …
