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

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Time to move beyond "Nothing" on Social Security?

…spending equates to ‘slashing’ that budget and proposes that the answer is just to agree on abolishing corporate taxes and continuing lower taxes on the wealthy? Well no, it is…

Good Cop/Bad Cop or Tit for Tat ?

…Here it is crucial that people sincerely honestly think that AIG-FP managers have finked. Thus the effect on expectations of future taxes is “If we do something that most people…

Kevin Drum makes me blow a gasket

…policies are tax cuts for rich people. Their hero Reagan signed into law a huge tax increase on the non-rich (Greenspan commission proposals). In practice they cut taxes for rich…

Windfall taxes and Mr. Obama

…“big cheeses” a lesson. Politically what Mr. Obama said was smart in the short run to get votes, but wrong in the long run since it sends the wrong signal…