Archive for the 'Spending' Category

Comparing post WWII recessions

By mw | Related entries in Bad Decisions, Economic crisis, Economic recovery, Economy, Fiscal stimulus, Obama, Spending

Given that this is the slowest recovery from the deepest recession in the modern era, any argument on what impact the stimulus package or the Obama administration did or did not have on the duration or depth of the recession or recovery can only be made on a counterfactual basis. Despite the massive expenditures, you can’t say this recovery is more robust than any that has gone before, so all that can be said in defense of administration policy is speculation that the recovery would have been even more tepid without the stimulus. Problem being, a case can also be made that the uncertainty created by this administration’s wild spending, insane deficits, threatened increases in health care taxes, likely increases in health care insurance premiums on employers, an energy tax (cap & trade), repeal of the Bush tax cuts, increases in the minimum wage, uncertainty created in the health care, financial, and energy industries with the imposition of radical government mandated top down changes in industrial policy – all contributed to increasing uncertainty in the private sector and made the recession worse.

March 14th, 2010 | Permalink| 12 Comments »

How TO Pay for Health Care Reform

By Solomon Kleinsmith | Related entries in Bad Decisions, Bipartisan, Congress, Economy, Fiscal Responsibility, In The News, Independents, Legislation, News, Politics, Polls, Spending

In my last post I detailed some of the roadblocks that have kept the Democratic leadership in Washington from finding a way to pass a major health care reform bill with a public option. They’ve whittled the cost of the bill down a few hundred billion dollars by negotiating concessions from drug companies and hospitals, […]

July 14th, 2009 | Permalink| 70 Comments »

How NOT to pay for Health Care Reform

By Solomon Kleinsmith | Related entries in Barack, Bipartisan, Legislation, News, Obama, Politics, Spending, Unions

The Obama administration has managed to collect some concessions from hospital groups and drug companies, to the tune of over $200 billion in savings over ten years. This is nothing to sneeze at, but it still leaves the lion’s share of the proposed legislation searching for funding. Setting a requirement for employers to pay a […]

July 14th, 2009 | Permalink| 3 Comments »

Cellulosic Ethanol no longer in its infancy

By Solomon Kleinsmith | Related entries in Business, Economic recovery, Economy, Energy, Environment, Fiscal Responsibility, Fiscal stimulus, Gas, News, Oil, Politics, Polls, Science, Spending, Stimulus, Technology

Thanks to Justin and company for welcoming me on here as a regular contributor. I will be posting on a number of issues, but one area you can expect that I will regularly be tracking is technology related developments and how they interact with the political world and policy. I also live less than ten […]

July 13th, 2009 | Permalink| 13 Comments »

China Worried About U.S. Spending

By Alan Stewart Carl | Related entries in China, Economy, Spending

As every American in financial trouble knows, it’s never good when your creditors start asking questions. Well, today, the United State’s biggest creditor grumbled about our current spending. China’s premier didn’t say it in so many words, but the implied warning to Washington was blunt: Don’t devalue the dollar through reckless spending. Premier Wen Jiabao’s […]

March 13th, 2009 | Permalink| 23 Comments »

Obama should fulfull his promises and threaten to veto the earmark-bloated spending bill

By John Burke | Related entries in Budget, Congress, Democrats, Earmarks, Obama, Republicans, Senate, Spending

  Thanks to the powerful stand taken by two Democrats, Evan Bayh, a centrist after my own heart, and Russ Feingold, a staunch, principled liberal, both of whom will vote against the $410-billion spending bill as long as it contains 9,000 earmarks, the Senate leadership came up one vote short on moving the bill forward. […]

March 6th, 2009 | Permalink| 16 Comments »