Tales from the Trail

from The Great Debate:

Political strategy in the Budget Control Act era

By Keith Hennessey
August 2, 2011

By Keith Hennessey
The opinions expressed are his own.

I cover three topics in this post: what important players won in this deal, the core concepts and tradeoffs within the deal, and what the different strategies might be this Fall under this bill when it becomes law.

Republican YouCut seeks to shear Mohair from budget

May 20, 2010

It’s worth about $1 million a year.

For most people that’s a lot of money. But in the context of a $3.7 trillion federal budget and a $1.5 trillion deficit, it’s small potatoes. Except in this case it’s a federal subsidy for mohair and it has more lives than an Angora cat.

The First Draft: black tie before “Fiscal Responsibility Summit”

February 23, 2009

While Hollywood strutted the red carpet at the Academy Awards, President Barack Obama hosted a black-tie dinner on Sunday for U.S. governors — who are debating whether it’s a good idea to take federal bailout money — at the White House in advance of a self-described “Fiscal Responsibility Summit” on Monday. The afternoon event is part of the push to sell Obama’s broader economic package before his speech to Congress on Tuesday and the unveiling of his first federal budget on Thursday.