Sequestration grew out of a political impasse: Republicans refused to raise the government’s borrowing limit in 2011 without starting to bring spending under control, but Democrats refused to make choices about where to cut spending.
The Great Debate
An unreliable narrator cannot be trusted.
He comes in many guises. There is the delusional unreliable narrator, like Holden Caulfield in The Catcher in the Rye, unaware of how the reader and the other characters perceive him. There is the mad narrator, as in One Flew Over the Cuckoo’s Nest. There are the unreliable narrators who lie to themselves to make the unreality appear real. Middle-aged professor Humbert Humbert in Lolita famously lies to the jury and to himself, believing his sexual affair with the drastically under-aged Lolita is not criminal. Yet Vladimir Nabokov, the author, gives a wink to the reader: We know the protagonist is not being honest with himself.
In the wake of Ohio Republican Sen. Rob Portman’s announcement that his son is gay, and his son’s coming out prompting the senator to support gay marriage, it has become commonplace to assert that Republicans are about to flip-flop on the gay marriage issue. Activists on both sides seem to agree. The Log Cabin Republicans triumphantly declared: “If there was any doubt that the conservative logjam on the issue of civil marriage for committed gay and lesbian couples has broken, Senator Portman’s support for the freedom to marry has erased it.” On Sunday, Karl Rove appeared to take leave of his senses when he said he could imagine the 2016 Republican presidential nominee supporting legal same-sex marriage. And with the Supreme Court set to hear a challenge to gay marriage bans this week, many observers are predicting that one or more conservative justices will join with the Court’s liberal wing to overturn the Defense of Marriage Act, and possibly California’s Proposition 8 as well.
With dueling budgets being introduced on Capitol Hill this week, the possibility of tax reform is the talk of Washington. As we predicted before last November’s elections, tax reform will be on the agenda in 2013 – but has its best chances in the states. We are seeing that demonstrated Thursday by Louisiana’s Republican governor, Bobby Jindal.
from Judgement Call:
Few economists preach spending cuts as a cure for high unemployment. Yet that’s exactly what Congress decided when it imposed, starting March 1, across-the-board spending cuts (the “sequester”). Despite Friday’s mildly upbeat jobs numbers, the economy remains limp, with 15 million or so unemployed individuals who want to work. Federal spending cuts won’t make their plight any better.