Debt Ceiling Kabuki

Debt Ceiling Kabuki

The Kabuki tradition in Congress over raising the federal government’s debt ceiling is in full flower. It’s a more reliable Washington ritual than the Cherry Blossom Festival. Here’s how it goes: The president, whoever he is, says: “It’s...

Why are we the Tea Party’s Hostages?

The Barefoot Conservative Nation descended on Washington in April like a wolf on the fold. Libertarians, creationists, birthers, Birchers, flat-taxers, string savers, and tin foil collectors–all the wonderful groups that make up the tea party’s...

Finally, Obama Leads on the Deficit

Republicans have criticized President Barack Obama for his “failure to lead,” particularly when it comes to shrinking the budget deficit. Well, the other day he led. He offered up a long-term plan for controlling the deficit while protecting programs that...
A $700 Billion Dilemma

A $700 Billion Dilemma

How would you spend $700 billion? Congress has to decide this month. One simple solution would be for Congress to extend the Bush-era tax cuts for households with incomes over $250,000 for another decade. That would use up all $700 billion. I feel bad for Congress....