James Pethokoukis

Study: U.S. budget deficit could average $1.4 trillion a year for a decade

August 26, 2009

Change a few assumptions and those government budget forecasts start to look scary. The Concord Coalition makes a few tweaks to the Congressional Budget Office model:

America’s perilous fiscal future: slow growth, high taxes

August 26, 2009

Howard Gleckman over at TaxVox does a great job on the new government budget forecasts. This is my favorite bit (bold is mine):

The worrisome relationship between a strong stock market and a weak dollar

August 26, 2009

The dollar drops and stock rise. If the dollar is supposed to be a reflection of economic strength, this should tend not to happen.  David Goldman find this weird, too — and then explains it:

Republicans, the carbon tax and the 2010 election

August 26, 2009

My pal and superbrain Jon Henke got all excited for a minute when he thought that U.S. Senate candidate in Connecticut Rob Simmons was in favor of a carbon tax where the revenue would be used to eliminate payroll taxes. But then the Simmons campaign clarified the matter:

10 reasons why the next budget debate will be a doozy

August 26, 2009

Maybe it should be a trillion reasons. But budget guru Stan Collender paints a picture of the future:

No trillion-dollar healthcare tribute for Kennedy

August 26, 2009

The pleas for politicos and pundits to refrain from politicizing the passing of Sen. Edward Kennedy are actually quite charming in their naivete. The so-called Last Lion of the U.S. Senate was not even dead half of a day when the politicking began. Proponents of Democratic efforts to reform overhaul America’s troubled healthcare system quickly began urging passage as a tribute to Kennedy’s lifelong efforts on the issue.

Kennedy’s death and the future of healthcare reform

August 26, 2009

My friend Washington analyst Pete Davis give his always-insightful two cents:

1) Senator Kennedy’s death is quite a blow to hopes for health care reform. No only could Kennedy rally the troops for the tough parliamentary battles ahead, his seat will sit vacant until late January.  Under Massachusetts law, a special election must be held within 145 to 160 days to fill the vacancy and there will be no interim appointment in the meantime.  That robs Senate Democrats of a vote until then, leaving them one short of the 60 they need to overcome a filibuster.

Kudlow on Bernanke and the dollar

August 26, 2009

The great Lawrence Kudlow is skittish about Ben Bernanke’s seeming disinterest in a robust greenback:

A VW-shaped economic recovery?

August 26, 2009

That is the analysis of my pal Rich Karlgaard over at Forbes. (Insert joke about Obama and fahrvergnügen here.) Some sectors of the economy will boom as others muddle through or stay on the mat. Warren Buffett put it best: “When the tide goes out, you discover who’s been swimming naked.” Here’s a bit from the piece: