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http://capitalgainsandgames.com/ - As you travel from Wall Street to Pennsylvania Avenue, economic rationality stops and political rationality takes over just as you hit the Beltway. This site is your ticket across that gap, analyzing what makes political sense, what makes economic .
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Next week, the White House is expected to release a proposal for simplifying the tax system. In the hopes that this will lead to a discussion of tax reform, which all tax experts believe is badly needed, I have compiled a list of full-text online tax reform resources. Hopefully, this will ...
Government
The BEA has released the preliminary (or second estimate) GDP figures for the third quarter. Compared to the advance estimates released at the end of last month, the annual growth rate is down from 3.5 to 2.8 percent.
The second estimate of the third-quarter increase in real GDP is ...
Other
Gross Domestic Product
Two articles on funding additional troops in Afghanistan, both of which were published yesterday, raise some of the most interesting and tricky federal budget-related issues of the year. The first, from the Los Angeles Times , points out that the cost of sending additional troops to ...
Government
The former Congressional Budget Office Director and McCain for President Policy Director spoke to the National Economists Club at 12:30 p.m. last Thursday in Washington, D.C. He made a strong case that Congress is on the wrong track with its health reform bills. His podcast is well worth ...
Other
National Review
Dec 7, 2009, p.51
Revolutionary Road
Kevin A. Hassett
Econoclasts: The Rebels Who Sparked the Supply-Side Revolution and Restored American Prosperity , by Brian Domitrovic (ISI, 368 pp., $27.95)
The New American Economy: The ...
Government
capitalgainsandgames.com - 2 days ago
—
capitalgainsandgames.com —
David Broder has a column in today's The
Washington Post that I find close to incomprehensible. First
he says that the Congressional Budget Office's substantive, detailed analysis shows that the bill proposed by Senate Majority Leader Harry Reid (D-NV) will reduce the ...
(more)
What Is David Broder Thinking?
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Two excellent posts from Paul Krugman today and yesterday about why for substantive and technical reasons the federal deficit and debt aren't the threats to the economy some say they are. I agree; substantively there is little to complain about. The fiscal policy in ...
Government
Paul R. Krugman
US Trade Deficit
Long time CG&G (and Vox Baby before that) reader "Brooks" commented this morning on CG&G's continuing discussion about the value of a budget commission. Bruce, Pete, and I all agree that it won't accomplish much. Brooks disagrees and in his comment links to an ...
Other
Securities and Exchange Commission
www.forbes.com/2009/11/19/republican-budget-hypocrisy-health-care-opinions-columnists-bruce-bartlett.html Remember the Medicare drug benefit?
Bruce Bartlett
The human capacity for self-delusion never ceases to amaze me, so it shouldn't surprise me that so many Republicans seem ...
Government
Republican
US Trade Deficit
Congrats, Andrew! Here's what Darmouth had to say about it: Andrew Samwick, a Dartmouth professor of economics and director of the Nelson A. Rockefeller Center for Public Policy and Social Sciences at Dartmouth, is the 2009 New Hampshire Professor of the Year. Presented by the Council for ...
Government
Andrew Cuomo
According to a government report out this morning the federal government spends $100 billion per year improperly. In dollar terms, a lot of the improper payments go to programs for the poor: supplemental nutrition assistance, school lunches, Medicaid, EITC. In years past when Republicans went ...
Government
Social Democrats
Barack Obama
Sometimes you just have to scream at the top of your lungs. Given that it's currently very early in the morning and my beautiful and talented wife (The BTW) is still asleep, I'm going to post it here instead. Senator Tom Coburn (R-OK) likes everyone to think he's the ultimate ...
Government
Day Trader
Barney Frank
The Office of the Inspector General of the TARP released a tough report yesterday illuminating and criticizing the way the flawed design of the AIG bailout led to large transfers from taxpayers to AIG's counterparties. You can read a good article by Mary Williams Walsh at The New York ...
Stocks
American International Group
Financial Crisis
Federal Reserve
Treasury Bills
www.realclearpolitics.com/articles/2009/11/17/the_party_of_fiscal_babies__99180.html
Government
Republican
My column in today's Roll Call will help you appear to be an in-the-know budget person when you're next on Capital Hill. Congress Deserves Some Slack for the Appropriations Delay Nov. 17, 2009 One of the things you learn quickly when you spend any time on Capitol Hill is that you never use ...
Government
Rep. Frank Wolf (R-VA) is one of the sponsors of the legislation that would create a budget commission to reduce the deficit. He's also my congressman and the person who over the weekend sent me an expensive four-page mailing that promotes his commission and his role in proposing it. ...
Government
Barney Frank
This Associated Press story is creating a lot of unnecessary buzz in Washington. In fact, the coverage may well be a total overreaction to a complete nonstory. As reported by the AP, Office of Management and Budget Director Peter Orzag has told federal agencies and departments to prepare ...
