There is probably no single policy being seriously discussed right now that is more idiotic than raising the Medicare retirement age. Not only would this benefit cut produce only modest savings for the federal government, but it would also do it in the most inefficient way possible. It would save the government money but by causing an ever greater increase in private spending on health care.
|By: Jon Walker Thursday December 6, 2012 1:07 pm|
|By: letsgetitdone Saturday September 22, 2012 12:45 pm|
The polling since the conventions shows that Democrats are doing better than expected. President Obama now apparently has a clear lead over Mitt Romney. Democratic Party control of the Senate seems likely to survive this election year of many more Democratic rather than Republican Senate seats up for election. And, even in House races, it looks like the Democrats will pick up a number of seats; though whether they can pick up enough seats to take back the House is still an unlikely prospect, and without the House President Obama’s second term is likely to be much like his last year and three-quarters, rather than his first two years.
|By: letsgetitdone Thursday September 13, 2012 6:45 am|
Bob Woodward’s releasing a new book, so we are now seeing articles based on it. A few days back, The Washington Post published the ”Inside story of Obama’s struggle to keep Congress from controlling outcome of debt ceiling crisis.” This account is a pretty downbeat one of how our political leaders and President Obama handled the debt ceiling crisis of the summer of 2011. I want to comment on what for me was the most salient point: that during the crisis, the President had no “Plan B” to get around the debt ceiling beyond negotiating a deal with Congress.
|By: Jon Walker Friday April 6, 2012 8:30 am|
If you are truly worried about the budget deficit, which is an idiotic thing to actually be worried about at a time of incredibly low government borrowing rates and high unemployment, the place to start would be looking at the basic outline of the federal budget.
|By: Jon Walker Tuesday October 4, 2011 12:00 pm|
This is by far one of the ugliest polls I’ve seen for President Obama in a very long time. The American people overwhelmingly think Obama has failed to make real progress on fixing the economy. From CBS News: Sixty-nine percent say the president has not made real progress on the economy, which voters overwhelmingly cite [...]
|By: Jon Walker Tuesday September 27, 2011 1:00 pm|
Reducing our spending on overseas military commitments is the deficit reduction idea that has the broadest public support across all partisan groups, according to new Pew Research Center poll. Solid majorities of regular Democrats, Republicans and independents all want to see America stop wasting so much money on foreign military commitments.
|By: Jon Walker Thursday August 18, 2011 5:37 pm|
The graph really speaks for itself. This is very bad news for the Obama campaign. People’s increasingly negative perception about the economy have destroyed Obama’s economic job approval numbers, which has dragged down his overall job approval numbers. It is hard to imagine how any President can win re-election when the economy is ranked as the top issue by voters and 71 percent of Americans disapprove of the President’s handling of the economy.
|By: Jon Walker Wednesday July 20, 2011 7:35 am|
A “plan” entails laying out specifically what policies you all agree to change. Saying you told someone else to work out basically every important detail at a later time isn’t a plan. It’s grandstanding. It is just another form of the magic asterisk trick we have used in the past so politicians can pretend they have reached an agreement on really big numbers without actually doing anything.
|By: Eli Tuesday July 19, 2011 6:01 pm|
Who’s the party of Reagan now?
|By: Dean Baker Tuesday July 19, 2011 2:30 pm|
Okay, that’s not true. Peter Peterson has not promised to give up anything, but he will stand to gain tens of millions, perhaps hundreds of millions of dollars in additional pocket change over the next decade thanks to the Senate Gang of Six’s new tax breaks.