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    Commentary, Economics /

    Rumors: “The Deal”

    July 21, 2011

    I hear that a “deal” on the debt ceiling and sundry other unimportant economic matters may be close at hand. It appears to be a triumph of political bargaining over common sense, decency, and anything remotely connected with moral fortitude. If what I hear is correct – and these things shift all the time – […]

    Economics / profits, recession, recovery, stimulus, tax cuts, unemployment /

    Actual News and Outer Space

    July 21, 2011

    The ridiculous and unedifying spectacle that has become American politics has finally separated itself entirely from planet earth. It has moved off into space in order to discuss – I use that word because I cannot come up with a more appropriate one – issues that it feels are important. Those of us who remain […]

    Commentary, Economics / defense spending, Medicare, Simpson-Bowles, Social Security, stimulus, tax cuts, tax reform /

    Debt Deal: Is It A Deal?

    July 20, 2011

    Not really. The re-emergence of the Simpson-Bowles commission on fiscal reform as the rallying point for debt reduction should be no surprise. Obama said he liked it when it was first released, but politics intruded and it seemed to have faded away. Then, as the lunatics ran amok inside the Congressional asylum – that vote […]

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