From This Day Forth… “Today we will consider a rule that helps broaden market access and promotes competition in the swaps market,” proclaimed Chairman Gensler. Emphasizing one of the important goals of the Dodd-Frank Act is to prevent risks in the financial sector from affecting the overall American economy in a negative manner. The intent … Continue reading
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Economic Daily Outlook
THURSDAY, MARCH 22, 2012 ECONOMICS: Ryan budget passes committee by one vote http://thehill.com/blogs/on-the-money/budget/217503-ryan-budget-passes-committee-by-single-vote The House Budget Committee approved Chairman Paul Ryan’s 2013 budget resolution on Wednesday night by a close vote of 19 to 18. Two conservative Republicans voted against the Ryan plan, which cuts spending by $5.3 trillion over ten years, because it … Continue reading
Economic Daily Outlook
WEDNESDAY, MARCH 21, 2012 ECONOMICS: EDITORIAL: The Careless House Budget http://www.nytimes.com/2012/03/21/opinion/the-careless-house-budget.html As he rolled out his 2013 budget on Tuesday, Paul Ryan, the House Budget Committee chairman, correctly said that he and his fellow Republicans were offering the country a choice of two very clear futures. The one he outlined in his plan could … Continue reading
Hearing on student loan discharges ignores broader issues
Students increasingly take on massive amounts of debt to pay their high college tuitions. And they face diminished job opportunities upon competition of their degree. Just ask Danielle Jokela. Jokela, a resident of Chicago, spoke before a Senate judiciary subcommittee on her personal level of indebtedness (about $98,000 in outstanding student loan debt) and her … Continue reading
Economic Daily Outlook
TUESDAY, MARCH 20, 2012 ECONOMICS: House GOP set to move on debt package http://www.politico.com/news/stories/0312/74209.html Trying to get their mojo back, House Republicans hope to move quickly this spring with a $261 billion deficit-reduction package to forestall automatic spending cuts next January that would fall heavily on defense. The full details won’t be released until … Continue reading
Economic Daily Outlook
MONDAY, MARCH 19, 2012 ECONOMICS: GOP on budget: Bitten, but not shy http://www.politico.com/news/stories/0312/74158.html For the second year running, Republicans are betting big on the budget. Despite getting hammered by Democrats last year, the GOP is gambling that going big and bold on their fiscal blueprint — think major changes to Medicare and Medicaid — … Continue reading
Communications / Culture / Economy / Fiscal policy / Politics / Tax / U.S. Domestic Policy
Weekly Graphic: Annual Expenditure Between Income Groups
As the debate over income equality in the US continues to build, economists and policy makers are focusing on the large amount of new and old studies that attempt to quantify the rising disparage of incomes. However, many of these studies and statistics can be misleading because they do not take several important factors into … Continue reading
What type of country do you want to live in?
On Wednesday, March 14, 2012, I attended a meeting with Susan Eisenhower, the granddaughter of President Eisenhower, at the Eisenhower Institute to talk about strategy and leadership in transitional times. After a brief history of her work in London and the Soviet Union, Ms. Eisenhower talked briefly about her worries for America. Based on what … Continue reading
Economic Daily Outlook
FRIDAY, MARCH 16, 2012 ECONOMICS: Jobless claims fall, manufacturing holds up http://www.reuters.com/article/2012/03/16/us-jobless-claims-idUSBRE82E0LV20120316 Economic growth showed signs of becoming more self-sustaining as the number of Americans claiming new jobless benefits fell back to a four-year low last week and manufacturing activity in the Northeast picked up this month. But the impact of higher oil prices … Continue reading
America / Constitution / Other / Politics / Rule of Law
Our Constitution: Absolutely Not A “Living Breathing Document”
Is our Constitution a “Living Breathing Document?” Well, what is a “Living Breathing Document?” In The American Constitution and The Debate over Originalism, Dennis Goldford defines the concept of a living breathing document. He quotes Harlold Koh, legal expert, as defining the concept as a “flexible pragmatism that views the Constitution as a living document … Continue reading
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