Amol Kapila
Also quite funny, see here.
Amol Kapila
David Stockman, an OMB director under President Reagan, wrote a lengthy, but worthwhile, piece in Politico this week, blasting the Washington, D.C., establishment for creating a disastrous fiscal mess. He is pessimistic about our ability to get out of it, and I am increasingly coming to the view that some kind of fiscal and financial [...]
Amol Kapila
A few days ago, I posted in favor of a debt commission. I just wanted to clarify my views on the subject. My preference would be to phase out all entitlement benefits and impose stringent controls on the way Congress can appropriate money, but the former will definitely not happen, and the latter has a [...]
Amol Kapila
Obama might follow through on creating a commission to addrses the federal government’s long-term fiscal problems within 10 days. I am not up-to-date on the details of the proposed commission, but regardless, I am generally for it. Whether or not you like it, taxes are going up, entitlements will be cut (either through legislation or [...]