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

The Democratic strategy on the budget is coming into focus.  I have doubts.

There are more stories suggesting that the Democrats are preparing to hang tough in budget negotiations.  But it’s not clear if their tough talk is just marketing aimed at appeasing base voters, or if it reflects a newfound commitment to budgetary hardball.  Nor is it clear that Democrats have a negotiating strategy that will be […]