All recent posts are available below. Author-specific archives are available via the links at right.
Here's my latest "Fiscal Fitness" column from Roll Call.
President Bush’s Budget Legacy
Already Set in Stone
January 22, 2008
Although it certainly wasn’t meant to be funny, I couldn’t help but laugh when I read the Jan. 14 Roll Call story “Bush May Target Earmarks.”
I took the red eye back to DC from California Thursday night/Friday morning and went directly top a three-hour meeting in an hermetically sealed room.
It looks like House Banking Committee Chairman Barney Frank (D-MA) and House Education and Labor Committee Chairman George Miller (D-CA) are going to be the designated leaders for a stimulus bill in the House. Sen. Chris Dodd (D-CT) may play the same role in the Senate.
Note who has not been designated: House Budget Committee Chairman John Spratt (D-SC) and Senate Budget Committee Chairman Kent Conrad (D-ND).
In case you missed the announcement, I'm no longer writing a column for NationalJournal.com. Starting today, I'm writing a new column for Roll Call, called "Fiscal Fitness" every Tuesday.
Here's the first one.
I know I'm beating a dead horse, but it's hard not to be impressed (or depressed, depending on your point of view) by the way earmarks and spending reductions are discussed in local communities.
Whenever the subject changes from the generic "earmarks" and the "need to reduce federal spending" to the specific dollars the locality either wants, likes, was expecting, is getting, etc., the discussion changes from how bad earmrks and overspending is to how wonderful the money is coming our way or how the decision will hurt this area.
My Beautful and Talented Wife (The BTW) is one of the least political people you've ever met. She is also one of the best professional actors you'll ever have the privlege of seeing perform.
This is important because the conversation at dinner last night inevitably turned to the prime topic of the week: Was Hillary Clinton really shedding a tear or was she simply performing for political benefit?
At least for now, Brad DeLong agrees with Alex Tabarrok that a fiscal stimulus package is not the right way to go.
Then again, neither Brad nor Alex are running for reelection.
A tax lobbyist friend told me yesterday that he's gone into the economic stimulus business.
In response to my inquiring look that begged for more information, he said that I'd be surprised how many industries and professions have tax reductions that they want in any economic stimulus package that is considered this year and are looking to him to come up with arguments that confirm they will, indeed, be stimulative.