Eric Cantor on deficit: progress, and no tax hikes.
Allow me to summarize for my readers this Hill article (“Cantor to Democrats: See, cutting spending’s not that hard”) on some hopeful (repeat: hopeful) signs of deficit reduction on the horizon: Eric Cantor: …See, cutting spending’s not that hard*. And there’s not going to be any tax hikes. Debbie Wasserman Schultz: …OK, now that you’ve getting spending cuts, we want our Holy Grail, too. Raise | Read More »
President to embrace fiscal sanity Real Soon Now.
Not Right Now: Real Soon Now (via AoSHQ). Apparently the plan is to wait until after the current wave of spending, then convince the Democratic party to stop spending taxpayer money that does not, in point of fact, quite exist. Except for funding a new jobs bill, which somehow isn’t expected to ‘count.’ But can he do it, after… oh, let Bryon York get this | Read More »
The Washington Post discovers fiscal responsibility.
The Washington Post, alas, gets this editorial wrong in the very first sentence: NO ONE LIKES to be the bearer of bad news — especially when it could threaten your multibillion-dollar health-care reform bill. Come, I will conceal nothing from you: considering the amount of time that the Right’s bloggers, pundits, and legislators have spent explaining why the Democrats in Congress needed to institute a | Read More »
President Obama courageously cuts 0.5% of budget*.
(Via Drudge) 17 billion. Off of a 3.4 trillion dollar budget. How quaint. May 7 (Bloomberg) — President Barack Obama is seeking $81 billion more in spending on domestic initiatives in his record $3.55 trillion budget plan while calling on Congress to trim $17 billion worth of programs, including tax breaks for the oil and gas industries. [snip] Unlike past years, the administration won’t release | Read More »
‘The Trillion Dollar Fix.’
R.S McCain summarizes Megan McArdle’s post about our current economic strategy in three words: “It won’t work.” Which is a fair assessment, both in Megan’s analysis and in her conclusions. Personally, I would have preferred it if Stacy could have been able to summarize both with one word, though: “Oops.” Not to be a broken record about this, but I didn’t need Megan to tell | Read More »
Rasmussen: Majority of country worries government will do too much.
I would quibble with the results here: it implies that the notion that we’ve already done too much already to fix the economy isn’t a legitimate answer. Still, this report will not be welcome news for the administration: 52% Worry Government Will Do Too Much to Fix Economy [snip] The latest Rasmussen Reports national telephone survey finds that 52% of the nation’s Likely Voters now | Read More »