Tag: fiscal cliff

Politics

Congress Just Increased Deficits By $4 Trillion, And All I Got Was 2.9% Tax Increase

You’ll need a scorecard to keep up with the insanity in Washington this week. The Senate’s been a lost cause for a while, so let’s not even bother with the upper house. Besides, it’s really hard to focus on good fiscal policy while Hooter’s Girls are passing out Bacardi 151 shots, Buffalo wings, and “Welcome …

News

How Psychological Biases Make Good Government Unlikely

Answer this question on paper without looking up the answer: Q:  Which kills more people: guns or diabetes? Here’s what your brain is doing. It’s searching your memory for mentions of the keywords: “guns,” “diabetes,” and “kill.” For most of us, one of the variables—guns or diabetes—carries a significantly heavier emotional weighting than the other. …

Economics and Economy

Government Planning Is Killing the Economy

Friedrich Hayek warned more than half a century ago that central planning doesn’t work. Here’s why: Central Planners (government) makes a plan The plan includes specific expectations The expectations are never, ever, realized A “crisis” ensues So the planners demand more control And create more plans Ad hoc Willy nilly Capriciously So you must wait for things …

Budget and Debt

Here’s What Happens Now That Boehner’s “Plan B” Went Down In Flames

Now that Boehner’s “Plan B” strategy has blown up like a poisoned dog, here’s what Boehner will do. Remember this chart from last month? It shows strategic options from John Boehner’s point of view: Yesterday, Boehner tried to land about halfway between the top and bottom quadrant on the left, shown here Now that Plan …

Budget and Debt

Don’t Expect Boehner To Play The Black Knight

The GOP didn’t really have a plan in place in case it lost. It certainly didn’t have a plan for getting snotclobbered. And if you try to spin Tuesday’s results as anything less than a good old-fashioned ass-kicking, you’re deluding yourself. Republicans Got Creamed I know Michelle Malkin found 20 things that went right on …