Relevant and even prescient commentary on news, politics and the economy.

Will the Presidents Commission use CBO or SSA Numbers?

by Bruce Webb Well some things are coming clear about the Presidents Deficit Commission. One its Chairmen have made it clear that its business starts and stops with Entitlements, the concerns some Republicans had that this would be Obama’s way of boosting taxes on the General Fund side or slashing military spending have been shown […]

Why taxes are important

by Linda Beale why taxes are important from ataxingmatter When I started this blog several years ago, I wrote in my inaugural post that I thought it was important for people to be informed about taxes–how they work, who pays them, and why we need a tax system to support our governmental programs. I thought […]

Silly Krugman

Krugman writes: Andrew Leonard has a good point: if Obamacare is such a disaster for the economy, where’s the market reaction? Silly Krugman. And silly Andrew Leonard. Sure, the S&P 500 is up a few percentage points. But it would be up many, many times that amount if not for the healthcare bill. Update: Sarcasm […]

In Defense of Deficits

Jamie Galbraith writes in The Nation: In Defense of Deficits The Simpson-Bowles Commission, just established by the president, will no doubt deliver an attack on Social Security and Medicare dressed up in the sanctimonious rhetoric of deficit reduction. (Back in his salad days, former Senator Alan Simpson was a regular schemer to cut Social Security.) […]

Topical thread: Incumbency, retirements, and leavings

The Dan Rather interview also reminded me of the many Senators and House members outright retirements or “running for another office” that affect the nature of incumbent advantage in more regular elections. From a cursory google of sources I believe there are 9 senate retirements (4 R, 5D) and 17 (6R,11D) House members retiring outright, […]

Dan Rather on the Rachel Maddow show

Maggie Mahar at Health Beat Blog gives a historical perspective to the passage of Healthcare Reform 2010 and Medicare 1965. Maggie’s comments are in the parenthesis in red on transcripts of Rathers and Maddow’s exchange. Dan Rather on Presidents Obama, LBJ and HCR: I saw Dan Rather on the Rachel Maddow show. Some people have […]