Tag Archives | sequestration
Like an Addict, DC is Out of Touch with Reality
By John Watts As usual, “histrionics” and high drama are being played up in Washington, D.C. this week, as Obama paints Republicans as reckless for not returning to the negotiating table with purportedly horrific sequestration cuts looming. Meanwhile, Republicans stoutly declaim Obama’s manifest incompetence and equivocating – after all, they say, Obama forced the sequestration [...]
New CBO report good for political posturing, useless for understanding economic malaise
By John Watts This week, the non-partisan Congressional Budget Office (CBO) released a new report projecting budgetary and economic trends for the next ten years. The CBO does not officially represent either the Democratic or Republican factions of the ruling coalition in Washington, and thus is considered “non-partisan.” However, by its very nature as a [...]
