Gregg Easterbrook

The federal spending controversy

March 9, 2011

OBAMA/

With another federal spending controversy brewing on Capitol Hill, recall that in his 2010 State of the Union Address, President Barack Obama said, “We’ve already identified $20 billion in savings for next year.” Now it’s next year — so what happened to the $20 billion in savings? Let’s follow the bouncing budget cut.

Family rule is under siege, at last

February 18, 2011

TUNISIA/

Dictatorship is under siege throughout the Arab world: fingers are crossed that democracy will prevail. Something else is under siege, too — the notion of family rule. This is among the oldest, and most harmful, concepts in human society. Is it about to vanish at last?

Rethinking hiring and employment

February 10, 2011

In all respects save employment numbers, the United States economy is back to normal. Real growth in 2010 was 2.9 percent — not spectacular, but any developed nation would take that figure. The adjusted U.S. GDP just rose back above its prior peak of late 2007 — meaning U.S. economic output has never been higher than right now. Sales numbers are good across most industries, corporations are sitting on ample cash, banking and equity liquidity is fine, no primary resource is scarce and the index of Standard & Poor’s 500 earnings per share is at an all-time high.

Obama must say ‘no’ to federal spending

January 26, 2011

obamaSOTU2011President Barack Obama’s conciliatory tone in his State of the Union Address was exactly what the country needs at this moment. And once again, Obama showed he is the best political orator since Ronald Reagan.

Undisciplined spending in the name of defense

January 20, 2011

AUSTRALIA-FIRES/Defense Secretary Robert Gates just proposed cutting the military and security budget  by $78 billion over five years — perhaps only a downpayment on coming further reductions. Secretary Gates’s list of proposed cuts includes high-profile projects and weapons. But he does not mention the National Geospatial-Intelligence Agency, an exemplar of undisciplined spending in the name of defense.