Archive for the The Fiscal Times Category

Poor Derek?

Visiting family in New York for Thanksgiving, scanning the New York Daily News for a dish of local sports, I came upon the latest obsession of Big Apple scribes and fans – contract talks between the New York Yankees and their iconic shortstop, Derek Jeter, whose 10-year, […]

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Silly and Selective Arguments Against Tax Hikes

Some things are as predictable as winter snow in Buffalo, and one of them is a column on the Wall Street Journal’s editorial page about the evils of taxation whenever important people in Washington start talking about raising taxes. In this case, the important people are the […]

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Schakowsky’s Telling Move

Question: What was the most telling development on the fiscal front over the last week? Was it: A: The plan from the co-chairs of President Obama’s fiscal commission, former Clinton White House Chief of Staff Erskine Bowles and former Wyoming Senator Alan Simpson; or B: The plan […]

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Making the Case for Deficit Reduction

Policymaking is a zero-sum game. Officials weigh policy proposals not in a vacuum but against the status quo. Implicit in the question “should we do this?” is a second one: “how does it compare to doing nothing?” That’s what was wrong not only with this week’s efforts […]

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One Man’s Debt Ceiling is Another Man’s Floor

The nation’s elected leaders will soon begin their next round of debate over one of Washington’s more irrational and, indeed, dangerous processes – enacting legislation to raise the limit on federal debt. Let’s be clear: a vote to raise the debt limit is not a vote to […]

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