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

Saving SPOT! (Thank You, Miley Cyrus.)

I’m not a fan of circuses, or for that matter, of zoos.  I am a fan of the American Society for the Prevention of Cruelty to Animals.  And this breaks my heart.   I don’t want to even think about the animals who won’t be rescued because $9.3 million of donations to the ASPCA will […]

Eh. I’ve changed my mind. [UPDATED, twice!]

I want to remove the post I posted this afternoon called “Harry Reid Throws Down the Gauntlet In Front of … Obama.  Hurray.”  I think Reid has done exactly that, and I think he’ll play a much larger role in the debt ceiling debate and other fiscal-policy debates going forward, as will the other Dem […]

Harry Reid Throws Down the Gauntlet In Front of … Obama. Hurray. [UPDATED]

Obama pushed forward despite strong reservations expressed by top congressional Democrats — especially Reid — who privately described it as a “bad deal” that would increase Republican leverage in future budget fights. … Reid figured Democrats could get a more favorable agreement if they waited. When Reid saw an offer that Obama had considered pitching […]

SCOTUS Chastises Congress and the Executive Branches

by run 75411Update:  Beverly Mann adds this note lifted from comments: The Supreme Court is rarely in session. It’s seasonal, part-time work. They usually hear argument in 10 cases a month, seven months a year. In December, they didn’t hear even that many.There’s really sooo much that can, and should, be said about the issue […]

Thoughts from economics writers on politics

Mark Thoma has put together some thoughts of his own as well as those of Bruce Bartlett, Brad DeLong, and Paul Krugman. I think it is worth a scan. Bruce Bartlett on President Obama as ‘an old time Republican’ seems to fit the description, without the hyperbole of contentious issue debate: In a little-noticed comment […]

House approves bill

Via NBC news Updated at 6:58 a.m. ET: An agreement to stave off the harshest and most immediate consequences of the fiscal cliff won approval in the House late Tuesday. President Barack Obama said he would sign the law, the battle over which foreshadowed more fights with Congress over spending.

"G.O.P. Anger Over Tax Deal Endangers Final Passage"

by run75411Op ed. G.O.P. Anger Over Tax Deal Endangers Final Passage NYT is reporting Eric Cantor and many other House Republicans will not vote for the Senate (89-8) passed Hr8 bill American Taxpayer Relief Act of 2012. Again another line is drawn in the sand for the President and whether he will use the political advantage the […]

Three definitions of Solvency for Social Security

Bruce Webb brings an interesting perspective to the current situation as pundits and politicians figure out ‘what is acceptable’ and what ‘they can live with’ her at AB and at his new website Social Security Defender: (see link below): Scheduled vs Payable Benefits: three definitions of Solvency As usual click to embiggen. When it comes […]

Who foots the "grand deal (no capitalization on purpose)" costs.

by run75411 Who foots the “grand deal (no capitalization on purpose)” costs. Everything You Need to Know about the Fiscal Cliff Deal “Wonkblog” Zachary Goldfarb This was the model to describe what would happen if the Grand Deal increase in taxes fell upon those Household Taxpayers making greater than $200,000 (individual) and $250,000 (family) (Tax […]