New York Special Election a Litmus Test for GOP

The future of federal fiscal policy may lie not in the negotiations that Vice President Joe Biden is holding with bipartisan congressional leaders, or in the meetings of what’s now the Senate “Gang of Five,” or in deliberations at the Senate Budget Committee to produce a fiscal […]

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Democracy Abroad: Costly and Further Out of Reach

President Obama’s call for the United States to assist the Middle East and North Africa’s transition from authoritarianism to democracy reflects a longstanding U.S. foreign policy goal. His reluctance to spend much to achieve it was something different, however. It shows how U.S. fiscal troubles will continue […]

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Can We Afford a ‘Technical Default’ on the Debt?

The debate over raising the federal debt limit – which the government reached today, according to Secretary Timothy Geithner – has morphed into a question of “compared to what.” In the Wall Street Journal’s “Weekend Interview,” Wall Street legend Stanley Druckenmiller argued that what he called a […]

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A Confused Boehner Pin Balls on Fiscal Policy

Question: Why is House Speaker John Boehner, R-Ohio, making so little sense these days on fiscal policy? Answer: He’s leading a House Republican caucus that is badly split on such matters, and he’s trying to satisfy everyone at the same time. Consider the events of recent weeks, […]

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Business Tax Breaks: State Budget Busters

States face a combined $112 billion in projected budget shortfalls for their coming fiscal year (2012), according to the Center on Budget and Policy Priorities, showing that states continue to suffer from the shrunken revenues caused by the recent recession. So you might wonder why, as Bloomberg […]

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