Go read Mark Thoma. Because he’s a kinder, gentler human being than I am: The time to stand up to the budget busting was when it happened, and when members of the list had the power to affect policy, not many years later in an article at Politico. Many on the list were either part […]

Mandate Up by The Bell offers some advice to his readers on the mood of the country: Their Promised Approach to Governance Didn’t Work Out So Well for the Last Guys During one of their debates, Nevada Tea Party Senatorial candidate Sharon Angle famously told Majority Leader Harry Reid to “Man up!” meaning he needed […]

by Linda Bealecrossposted with Ataxingmatter Friday Animations–being a good mother These days the tea partiers and libertarians have tended to mock those who think that we should all tax ourselves to take care of those who are less fortunate, and that the wealthiest amongst us–corporate managers, private equity managers, and shareholders–should pay more in taxes. […]

We’re used to that line by now. Ross Perot—one of the more prominent people who got rich due to government contracts—used it, Carly Fiorina and Meg Whitman are using it (while desperately hoping you don’t pay attention to how they ran Lucent/HP or eBay), and Aaron Sorkin even had Charles Grodin say it in Dave, […]

by Divorced one like Bush For this post I will formally introduce myself. I am Daniel J. Becker. It is only proper and just to do so. I am using Mr. Greenwalds discussion only as a platform to add my thoughts regarding the Citizens United decision.  Also this is a long read. So I’ll give you […]

UPDATE: It gets even stranger. The bankrupt-since-October-2008 Lehman Brothers is going to pay $50,000,000 in bonuses for this year. (h/t alea’s Twitter feed) It appears all of the “gosh, we really made a lot of money from bailing out rich bankers who socked it to their customers” rhetoric is having a small problem in the […]

Andrew Samwick: Government bureaucrats don’t reduce costs. Market competition reduces costs. The challenge for health care reform is to get the market competition into the places where we want it — providers and insurers competing to deliver better services at lower prices — and out of the places where we don’t want it — insurers […]

Following up on Robert’s post (he started later and finished earlier): Dr. Black: [T]he idea that all this came about simply because the banksters decided a bit of extra risk was good is an idea only a macro finance person could sanely entertain. All right, I represent that remark in more ways than one. So […]

My Loyal Reader notes that the economic survival of Zimbabwe’s current government is now largely dependent on sin taxes: As he presented his revised 2009 budget to parliament, Finance Minister Tendai Biti noted that “indirect taxes made up of customs and excise duty have contributed 88 percent of government revenue, which means that the government […]

I promise to try posting more this weekend, but this one is just too good to pass up. Since most people don’t know it beyond three to six digits, today, 14 March (14.03)—er, oops, March 14 (3.14)—has been officially designated “Pi Day.” Ten Republicans voted against the (purely symbolic) designation: Chaffetz Flake Heller Johnson (IL) […]