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

The Republicans have a savings plan. Gut the Nation’s Personality

by: Daniel Becker Well, the repubs finally have put up.  They have a $2.5 trillion, ten year savings plan.  No, don’t worry.  You will be kept safe as all national security is untouched.  However, you can expect to wake up the next day from passage in a nation with an completely different personality.  As in […]

How would a government shutdown work?

by Bruce Webb Because I don’t get it. The U.S. government operates on a Fiscal Year basis meaning that next year starts on Sept 30th. Which means, far as I know that government operations, including implementation of HCR, are funded right through the next Sept 30th (because I don’t think there are important Appropriations bills […]

Trade-Offs and Revealed Preferences, Republican Leadership edition

Even more than Digby on CalPERS, the one piece everyone should read today is Charlie Stross on International Travel. Since this is an economics blog, let’s pull a key section: Here’s the rub: security is a state of mind, not a procedure. Procedures can’t cope with attackers, because they’re inflexible. If you search passengers for […]

Senator Shelby of Alabama Puts France and Airbus Ahead of America and Boeing

by Bruce Webb Would that have been a fair headline for the following story: Richard Shelby Puts Hold On President Obama’s Nomineesl? Because the facts are pretty clear, Shelby placed these holds mainly because of concerns over as Politico delicately puts it “Pentagon’s bidding process for air-to-air refueling tankers”. We can put that a little […]

Amity Shlaes: Sarah Palin with puffed up academic credentials

by divorced one like Bush Professor Krugman has been having problems with a person named Amity Shlaes. Well, actually he’s having a problem more with what she is professing. Amity is talking about The Great One’s relationship to today’s sickly economy and prescribing a plan of treatment. Doctor Krugman is noting the errors in Amity’s […]