by Dale Coberly THE CBO AND SOCIAL SECURITY HYSTERIA and HONEST MATH The Congressional Budget Office (CBO) recently released a new projection for the costs of Social Security [no citation. I looked up the link in the AEI article (below) and did not immediately find a projection for SS]. They say that increases in […]
Give the Republicans enough rope and they’ll hang themselves? It seems to be working. Yeah, it looks like Dems have taken a hit from this whole business, as Republicans hoped they would. But like the debate in general, it’s very much not symmetrical. Combine this with the Pubs’ internal discord: are they reaching the point that […]
WASHINGTON — House Republicans emerged from a closed-door meeting on Friday with no new strategy to end the budget standoff and an angry plea to President Obama to negotiate over his health care law. “This isn’t some damned game,” said Speaker John A. Boehner, his voice rising in anger. “The American people don’t want their […]
Hot Mic Catches Mitch McConnell and Rand Paul Scheming Here’s the transcript, notice the focus on principle: PAUL: I just did CNN, and I just go over and over again: “We’re willing to compromise! We’re willing to negotiate.!” I don’t think they poll tested “we won’t negotiate.” I think it’s awful for [Democrats] to say […]
Since my current governor (and your future President) is a brain-dead idiot who does not believe in the free market or taking responsibility for his actions, we are one of the many states whose PPACA sign-up website is run out of healthcare.gov. Here’s a screen shot of my attempt to create an account 25 minutes […]
One thing that is seen sometimes is a strange teaching in economics and business. The teaching says that lower costs of production will increase the natural level of real GDP output. Now the natural level of real GDP output is considered the limit at which the economy can produce. It is seen as the total […]
by Linda Beale Dear GOP: a Daily Kos staff reminder on the constitutional process for changing the law The Tea Party/GOP coalition has often talked about the importance of the Constitution, but one can’t help wondering if the recent extortionist behavior doesn’t belie that, when the governnment shutdown it has caused as a means of […]
On October 2, 2013 Chris Hayes had on Larry Kudlow to discuss the economics of the government shut down. All I can say is, I could not believe he was the one Chris went to for insight. Maybe he had to because, you know, Kudlow is related to him via the network they work at. But really, […]
Even if inflation (CPI less food and energy) stays steady between 1% and 2%, there really is no problem. Prices are still rising. Paul Krugman would like to see inflation rise because that would lower real interest rates. But that is not going to happen, and he shouldn’t be expecting that it will. Is there […]