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  • Hoyer Makes, and Misses, His Mark

    Over the past weekend Steny Hoyer (D-MD), the House Majority Leader, gave one of the most expansive and surprising speeches of the year.  State-of-the-Unionesque in scope and partisan tone it nevertheless laid out some interesting ideas for debate. On one top tier issue Mr. Hoyer hit the nail on the … More

    Obama Sings “Spend On” While Europe Acts to Dampen a Crisis

    Just what Kool-Aid are they drinking in the White House?  The question is occasioned almost daily now, but today’s issue isn’t Afghanistan, the oil spill, or health care reform.  The Kool-Aid question arises today in the antics leading up to the upcoming G-20 meeting in Toronto. According to press reports, … More

    Still Not Greece, But Getting Closer Every Day

    The Washington Post reported today that the International Monetary Fund and various world governments warned U.S. officials years ago that “escalating financial problems” in the United States “had to be addressed quickly to forestall a larger threat to the world economy, but those urgings were discounted.” The Post went on … More

    A Humorous Look At The World Economy

    There’s nothing funny about the state of America’s finances, or those in even more dire straights in Europe. Greece has lined up a bailout from other European countries and the International Monetary Fund. The European Union has announced a trillion dollar defense fund to ward off attacks on the Euro … More

    Leveling the Budget Playing Field by Fixing A Kinky CBO

    Americans believe in fair play. They believe in equal opportunity, equal treatment under the law, a level playing field. We have so many expressions for this principle in part because it is so important to the American view of right and wrong. When it comes to taxing and spending in … More

    The Message to the U.S. in Germany’s Ascension

    Germany has taken the clear lead as the European sovereign debt crisis unfolds. This is an obvious outcome because of Germany’s relatively tight rein on government deficits and its policies that have made it Europe’s toughest competitor. Germany’s clear ascension is both good news and bad for Europe, and a … More

    We’re Not Greece ... Yet

    In his latest New York Times column, Paul Krugman manages to make some useful observations before slipping into his usual role of distorting propagandist. His most important observation is in his title, “We’re Not Greece”. For that matter, we’re not Portugal or France, either, for all of which we can … More

    Congress Deserves Better from the CBO

    While the supposedly non-partisan Congressional Budget Office (CBO) has tended toward a more partisan cast of late, in one matter at least the CBO appears to be fully non-partisan, and that is in the area of the Member kiss off. Case in point is a recent letter from CBO Director … More

    Closing the Deficit Requires an Open Mind, Not an Open Wallet

    The typically staid pages of the Washington Post Business Section were graced this morning with subtle humor from the virtual pen of the ever-sober, oft sagacious Steven Pearlstein. In a piece titled “Keeping an open mind on solutions to the budget deficit”, Pearlstein neatly lays out the argument one typically … More

    No US Taxpayer Dollars for Greek Bailouts

    The European Union (EU) has gone hat in hand to the International Monetary Fund (IMF) for assistance in bailing out one of its own. Greece is in a financial death spiral brought on by years of amazingly irresponsible deficit spending and similar behaviors often found in socialist states to the … More