To make a balanced decision you need to incorporate the harm done by taking money from someone.
America’s entitlement spending problem (part 1)
The Social Security financing gap is $23.2 trillion. Over the next twenty years, demographics are a bigger driver of entitlement spending growth than are health care costs.
It’s not a markup if you don’t vote
The job of a Member of Congress is to vote on legislation, not to talk about legislation. Talk is sometimes helpful but If Members of Congress are not voting they’re not doing their job.
Subsidizing wind and solar because China and Germany are doing it
If President Obama is going to subsidize industries either because he likes them or because other Nations’ governments are subsidizing them, then we must acknowledge that he is engaged in industrial policy, aka state-managed capitalism, with an open question about whether the managing state is based in DC, Berlin, or Beijing.
Comparing the Ryan and Obama deficits to Bowles-Simpson
It is silly to claim, as President Obama’s team does, that President Obama’s budget is similar to Bowles-Simpson, at least in terms of long term deficit reduction. Bowles-Simpson is a fiscally sustainable long run path while the President’s budget is not.
Comparing the Ryan and Obama long-term deficits and debt
The red path is economically sustainable, the blue path is not.
How will President Obama respond this year to Chairman Ryan’s lower deficits and debt?
House Budget Committee Chairman Paul Ryan’s newly released budget poses an identical strategic challenge to the President as last year. I recommend you watch the President carefully this week to see whether and how he responds.
The Ryan budget proposes lower deficits and less debt than the Obama budget
Over each year of the next decade the Ryan budget would result in lower deficits, less debt, and a better long-term debt trend than the President’s budget.
President Obama’s proposed medium-term deficits
The President’s budget would result in deficits that are always higher than the historic average but would, beginning six years from now, temporarily stop government debt from increasing relative to the U.S. economy.
