James Pethokoukis

Peter Orszag: Sorry, America, you are way undertaxed

November 13, 2010

Former Obama budget chief Peter Orszag says the Bowles-Simpson deficit reduction plan — which would raise the U.S. tax burden to its highest level in history as a percentage of GPP — doesn’t go far enough:

How Felix Salmon ruined my lovely Friday

November 12, 2010

There I was, enjoying a lovely Washington afternoon — and then I read this from colleague Felix Salmon on the draft report from the Obama deficit panel:

Why Wall Street should fear Sarah Palin

November 12, 2010

The only people in Manhattan who are probably eager for a Sarah Palin presidential run are the supposed comedy writers at “Saturday Night Live.” Wall Street bankers, on the other hand, not so much. Big Money has been snarkily dismissive of Palin’s recent opining on monetary policy, the dollar and the dangers of inflation. But guess what? A “free-market populist” campaign in 2012 would likely further highlight that Palin’s not too big a fan of them, either. And her economic musings are yet another sign she’s running

Is Jared Bernstein the next director of the NEC?

November 11, 2010

Who will replace Larry Summers as the director of the National Economic Council? One well-placed source of mine claims it is likely to be  Jared Bernstein, currently VP Joe Biden’s economic guru.

Does Bowles-Simpson kill Obamacare or enshrine it?

November 11, 2010

On this there seems to be some differing of opinion. From the liberal side, Brad DeLong:

Obama deficit commission: the Bowles-Simpson edition

November 10, 2010

Erskine Bowles and Alan Simpson have put out their recommendations. Here are my quick thoughts:

Obama deficit commission shows some leg

November 10, 2010

I will get to my observations next post. But here is the money chart:


And if the debt ceiling isn’t raised …

November 10, 2010

Josh Barro sketches out some option if the Tea Party Republicans hold up raising the debt ceiling.

More on Obama’s reelection chances

November 10, 2010

Megan McArdle says I am being a tad too pessimistic about Obama’s reelection chances if unemployment is at 8.5 percent or higher two years from now:

Presenting your federal budget

November 10, 2010

The great graphics folks a the WaPo do another fantastic job: