James Pethokoukis

Yes, discretionary spending is a big problem

March 10, 2011

Congress should be looking hard at dramatic discretionary spending cuts. ┬áIt’s really gotten out of control (via the Congressional Budget Office):

Have Republicans forgotten Reagan?

March 10, 2011

My pal Charlie Gasparino questions whether the GOP is making a huge mistake by focusing so intently on cutting deficits and spending:

Who’s up, down for White House 2012

March 10, 2011

National Journal’s Hotline is out with its insiders’ take on the state of the Republican race for the White House:

Obama’s nightmare jobs chart

March 10, 2011

The infamous Bernstein-Romer chart, now updated for political freshness:

hellchart

Scott Walker, America’s Thatcher

March 10, 2011

“Where there is discord, may we bring harmony. Where there is error, may we bring truth. Where there is doubt, may we bring faith. And where there is despair, may we bring hope.” — Margaret Thatcher, May 4, 1979.

Can America grow its way out of its debt problems? No

March 9, 2011

That’s the question CNBC’s Larry Kudlow asked House Budget Chairman Paul Ryan yesterday, which resulted in a fascinating exchange:

When US debt payments consume all America’s revenue

March 9, 2011

Another scary chart from Mary Meeker’s USA Inc. report:

meeker1

The Anti-Appropriations Committee

March 8, 2011

The U.S. lawmaking process is completely rigged toward favoring increases in federal spending rather than cuts. Sen. John Thune recently introduced a bill that would go a long way in tilting the playing field back the other direction.

Who are the unemployed?

March 7, 2011

From James Glassman of JPMorgan (the purple and red are your worrisome colors):

Graphic

An artificial recovery?

March 7, 2011

IBD’s Jed Graham shows what’s supporting consumer spending these days: