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 …
An interesting, if alarming Op-Ed in the Washington Times by Ernest Christian and Gary Robbins this week, outlines what is likely to happen due to Washington’s Devil-may-care spending habits. The authors point out that according to the Obama administration’s planned budget, the gross national debt will reach 123% of GDP …
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 …
This week, the House of Representatives will vote on the $86 billion “America Competes Act.” Just a few years ago, an $86 billion authorization would have been considered real money, even by Washington standards. But in this new era of trillion-dollar spending bills (and, not coincidentally, trillion-dollar budget deficits), an …
When it comes to spending, President Obama’s proposed budget for 2011 takes fiscal irresponsibility to Greece and beyond. Ernest S. Christian and Gary A. Robbins, both former Treasury tax officials, write in the Washington Times that “the president’s planned fiscal excesses beyond 2010 cannot plausibly be attributed to the recession, …
The United States must reverse its spending habits, and most Americans know it. A recent poll by Resurgent Republic shows that 62 percent of likely voters are very concerned about the level of deficit spending of which Congress is guilty. When those that were somewhat concerned are included, the percentage …
Last week, the President’s debt commission held its kick-off meeting. The National Commission on Fiscal Responsibility and Reform, a group of 18 lawmakers and policy experts, has been tasked with proposing a solution to the mounting financial crisis facing the United States government. As we show in our 2010 Budget …
The United States has the second highest corporate tax rate of any of the 30 countries in the Organization for Economic Cooperation and Development (OECD) – a collection of the most economically developed countries in the world. The federal rate is 35 percent. Add on the average state corporate income …
