Archive:

This post was originally published in the Huffington Post. I recently published a Washington Post op-ed called “Deficits do Matter” that was co-authored with talk-show host, commentator and former Congressman Joe Scarborough. The piece argues that high and rising levels of public debt are a real concern. It also makes the case that the stimulus [...]

Read More, Comment & Share

To hear US President Barack Obama tell it this week, the budget sequestration – automatic spending cuts due to kick in on Friday March 1 – will decimate the government. Each party is blaming the other, as if something new and unexpected was about to begin. Many of the pending cuts are indeed ill-advised, but [...]

Read More, Comment & Share

One of the unshakable myths of the punditariat is that the federal government is going bankrupt because of entitlements spending, especially spending on Medicare and Medicaid. Each day we hear the drumbeat saying that either we cut entitlements now or we are finished as a nation. This is a stampede of unreason, contradicted by the [...]

Read More, Comment & Share

President Barack Obama’s budget for 2013 will set off a vitriolic battle. Republicans will rail against the Democrats’ “class warfare” and Democrats will rail against the Republicans’ “coddling of the rich”. Yet it is mostly for show. The rich will win in their fund balances while probably losing at November’s presidential polls, and the poor and working [...]

Read More, Comment & Share