The Continuing Resolution (H.R. 1) was introduced Friday night. Information about the bill (copy of the legislation, bill summary, list of program cuts, and the subcommittee savings tables) is linked here: Appropriations Committee Introduces CR Containing Largest Spending Cuts in History February 11, 2011 CR Spending Cuts to Go Deep February 9, 2011 Rogers Announces […]

Baseline Scenario links to Simon Johnson’s thoughts on current practice of politics. Well worth the time to read and comment. Delusions Of Fiscal Grandeur by Simon Johnson If you honestly believe that investors will happily buy up any amount of US government debt (at low interest rates) for the indefinite future, then relax.  The tax […]

by Mike Kimel A Proposed Bet for Professors Bryan Caplan and David R. Henderson (and Anyone Else Who Believes Lower Taxes Generate Faster Economic Growth)Cross posted at the Presimetrics blog. Professors Caplan and Henderson, Both of you have had recent posts that indicate you have some enthusiasm for betting on economic outcomes. (Your co-blogger at […]

by Linda Beale Crossposted with Ataxingmatter Carried Interest: Senate Getting Swayed by Lobbyists The Senate started discussion of the “extenders” legislation on Tuesday. IN the House version, HR 4213, there is finally a carried interest provision, though it is a weak one. (Recall that carried interest is the amount that managers of hedge, equity and […]