James Pethokoukis

Bending the debt curve

April 8, 2011

Some budget plans do, some don’t (via e21):

e21chart

Is the Ryan Plan a 73-page suicide note?

April 8, 2011

Charles Krauthammer asks the question:

In 1983, the British Labour Party under the hard-left Michael Foot issued a 700-page manifesto so radical that one colleague called it “the longest suicide note in history.” House Budget Committee chairman Paul Ryan has just released a recklessly bold, 73-page, ten-year budget plan. At 37 footnotes, it might be the most annotated suicide note in history.

Just how fragile are Obama’s approval ratings?

April 8, 2011

Quite, says my pal Jay Cost over at TheWeeklyStandard:

President Obama’s overall job approval is split 47-47, but the numbers underneath it are not good at all. On the economy, AP-GfK has him at -6, Gallup at -17, Quinnipiac at -26, and CBS at -14. On health care, AP-GfK has him above water (+4), but Gallup and Quinnipiac have him at -17 and -16, respectively. Meanwhile, check out the right track/wrong track numbers, which are as negative as they have been at any point during Obama’s tenure.

Why a government shutdown is even possible

April 8, 2011

What a very different political world it would be right now if President Obama had a) supported his own debt commission, b) devised a 2012 budget that made deep spending cuts over near and medium term, and c)  listened to his own economic team and suggested a Social Security fix. But with no leadership from the White House on the horizon, it made all that much more important for the Tea Party wing of the GOP to dig in and push real spending cuts now.