James Pethokoukis

ObamaCare’s budget chicanery

March 9, 2010

David Brooks in the NYT outlines many of the way Democrats are trying to game the CBO budget analysis of ObamaCare:

Senator Supply-Side?

March 9, 2010

Former Bear Stearns economist David Malpass is considering a run for US Senate in New York. If you believe in the wonder-working power of lower taxes, economic freedom and entrepreneurship, then you would probably find his candidacy an interesting one. The Washington Consensus, of course, is that spending cannot be cut so taxes must rise dramatically. Thus, Malpass would be a contrarian voice inside the Beltway.

US debt approaches danger zone

March 9, 2010

The CBO analysis of the Obama budget finds that America’s debt-to-GDP ratio will hit 90 percent in 2020. Uh-oh. Research by Ken Rogoff and Carmen Reinhart finds that level to be problematic: