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In proper generational accounting, the size of the public-sector debt doesn’t enter into the calculation.
Archive for November, 2010
November 12th, 2010
Category: Conservatism, Defense and national security, Economics, Financial crises, Foreign Policy, Republican Party
The double legacyof Bush Republicanism ain hastening American decline.
November 11th, 2010
Category: Crime Control, Prisons and penal policy
It’s cheaper to watch offenders closely when they’re not in prison than it is to pay their room & board.
November 11th, 2010
Category: Uncategorized
A cultural conservative worries about the closing of the conservative mind.
November 11th, 2010
Category: Drug Policy
Why didn’t Simpson and Bowles propose legalizing and taxing cannabis? That’s $5-$10 billion a year.
November 11th, 2010
The Simpson-Bowles plan leaves $15 billion of free money on the table by not raising alcohol taxes. In addition to the revenue, higher taxes would improve health and safety and reduce crime.
November 11th, 2010
Category: Uncategorized
I’m giving a talk here at Johns Hopkins in 15 minutes, as part of a panel on The Deficit and American Politics. These are my notes–my very quickly and only moderately systematic thoughts on whether a deficit deal is actually possible in the near-term. —– Deficit reduction is almost always a matter of the politics [...]
November 11th, 2010
Category: Uncategorized
With no carbon tax, Nor any transactions tax, It’s not serious.