…addition to the traditional nominal cash budget balance (see Table 1).” Table 1 Alternative Budget Surplus/Deficit Concepts 1. Unified nominal surplus/deficit = nominal revenues – nominal outlays; “headline” numbers 2….

…hostage-taking, returning the budget debate to where it belongs—when the budget is being written. No do-overs between budgets, and no threats to the good faith and credit of the US….

…the wealthy, mistakenly labeled “job creators” by the GOP in its constant effort to undo unions (witness Michigan’s disastrous anti-union legislation or Cablevision’s determination to aid anti-union forces and squelch…

So claims the headline of this story: Republican House and Senate leaders finalized agreements yesterday on a $41.6 billion budget-cutting plan that includes tough medicine for Medicaid recipients and on…

…federal budget. On the other hand, it also shows how ridiculous this whole exercise is. $50 billion in cuts would reduce federal spending from 19.8% of GDP to 19.4% of…

Let’s compare two stories. One seems to have Bush admitting he’s a divider: “I fully recognize some in Washington, you know, don’t particularly want to address this issue,” Bush said…

…Heritage Foundation calls passing an energy proposal part of a jobs agenda, even this Keynesian has to object. Might we better spent the funds repairing the roads and building schools?…

CNN has commented on the Washington Post story with this report. President Bush is still refusing to say whether he supports the reported proposal: Administration officials insist, however, President Bush…

On the morning talk shows, one GOP member after another was asked about President Bush’s refusal to honor the request of John McCain in regards the Swiftie ads. Over and…

Just want to pass along this video from The Daily Conversation on the GOP changed a standing rule of the House to prevent the government from opening… This happened on…