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

Lost Decades

Mike Konzcal reviews Lost Decades by Menzie Chin and Jeffrey Friedan at New Deal 2.0: What caused the housing bubble? This is a different, though related, question from what caused the collapse of the financial sector or why unemployment is sky-high right now. Why did housing value skyrocket and then collapse? More broadly, why did […]

The Hill reports on "supercommittee"

by Linda Beale The Hill reports on “supercommittee Alexander Bolton reports that “With Supercommittee Deadlocked, leaders Reid and Boehner meet“, The Hill (Nov. 15, 2011).  Reid (Dem) and Boehner (GOP) met Tuesday, but aides told The Hill that “They’re not about to dive in” to the negotiations.  But as the committee seems to be at […]

Cut now has a plan, revenue increases have wishful thinking…Supercommittee

by Linda Beale GOP two-step approach problematic Discussion continued apace yesterday about the “supercommittee” and the idea of agreeing to agree someday on some revenue increases while going ahead with cuts. This approach is a terrible one since it gives the obstructionist GOP members just another setting in which to refuse to go ahead with […]


Mother Jones points us to a Stimson Center study, titled What We Bought: Defense Procurement From FY01 to FY10 (PDF), (via Reader Supported News). From the report Procurement funding grew from $62.6B in FY01 to as much as $135.8B throughout the decade.3 In constant dollars, base procurement funding in FY10 increased by 41 percent from […]

Super Committee and GME funding

By Michael Halasy Super Committee and GME funding SO, about that super committee. Surely you remember, the gang of 12 that was created by the showdown over the debt ceiling this summer. Well, they’re hard at work but among the proposals out there, is one that is causing some grave concerns. As a health workforce […]