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    The Norquist Paradox

    January 2, 2013

    Is it just me, or is there a twist in this? As you all know, one of the drivers of Republican solidarity during their ascent to policy domination in Washington was the legendary Norquist ‘no tax increase’ pledge. Every member of the Republican caucus, both House and Senate, signed on to the pledge. ‘No tax […]

    Economics / austerity, economic policy, fiscal cliff, government spending, Obama, Republicans /

    The Morning After

    January 2, 2013

    The details are common knowledge by now so I won’t bother reprising them. Instead let’s look ahead. The problem with the deal is that it achieved next to nothing. The fiscal cliff was a completely artificial construct created within the bowels of our gridlocked political system by politicians so incapable of reaching middle ground that […]

    Economics / austerity, fiscal cliff, government spending, Republicans /

    No Deal?

    January 1, 2013

    Well now. As of 4:00 pm today the deal agreed upon by the White House and passed by the Senate – by a whopping 89-8 margin – has not been taken up by the House. Indeed, all the signs are that it won’t. Some of the leading conservatives in the House, Eric Cantor being the […]

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