Economists Learning Nothing and Forgetting Nothing
Barack Obama Once Again Goes Off Message

A Deficit Hawk Writes...


How could someone like Max Baucus who claims to care about reducing the deficit above all things vote against the Simpson-Bowles committee proposal because it cuts agricultural subsidies? That is just too embarrassing for words.

Much more embarrassing is all of official Washington--President, Senators, Members of the House, journalists, staffers--who are screaming at their top of their lungs that on the one hand we need to cut the deficit and on the other hand we have to permanently extend the 2001 tax cuts without paying for them.