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Watergate and the S&P, How Well do Markets Forecast Political Dysfunction?

I don’t think that I am alone in wondering why equity markets have not only held their own but have actually added value despite...

The Upside Down Politics of Preexisting Condition

One of the sad ironies in this nation’s fight over health care is that those with the most desperate need for coverage appear to...

Good Luck Mr. Trump!

One of my earliest recollections as a child was standing in my grandmother’s kitchen the morning after the 1952 election and watching her try...

‘Non-security’ Spending Cuts Could Be Hazardous to Your Health

One great irony in the current debate over cutting federal spending is the label House Republicans have placed on the tiny sliver of federal...

Just Plain Nuts: House Republican Budget Proposals Put Forth in the Most Haphazard Manner...

This article was originally posted at AmericanProgress.org. Less than a week after the House Appropriations Committee sorted out its final staff assignments, their new chairman,...

Go Home: Incoming Leader of the 112th Congress Issues Odd Marching Order

The incoming leadership and committee chairmen of the U.S. House of Representatives have been boasting about their ambitious, time-consuming plans to conduct intensive oversight...

If Deficits Don’t Matter, Does Contract Abuse?

Dick Cheney’s famous statement “deficits don’t matter” is generally associated with the Bush administration’s philosophy on taxation. A strong case can be made, however,...

Draconian but Expensive: Boehner’s Poorly Considered ‘Pledge’ Is Likely to Increase the Deficit

t is obvious that some number of Republican pollsters have come up with the notion that attacking the federal workforce provides a golden political...

Education Reforms Will Miss the ‘Top’ Without Broader Consensus

This article was first posted at AmericanProgress.org. I am sure that Jonathan Alter’s recent column in Newsweek, “How Congress Keeps Screwing Up Education — President...

There You Go Again, Newt

It is always risky to attempt to give a history lesson to an old history professor, but Newt Gingrich’s column in this morning’s Washington...

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Will Congress Push Public Debt to 97 Percent of GDP?

The Congressional Budget Office has released an analysis of the new House Republican tax plan which indicates that the deficit will increase by $1.7...
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