James Pethokoukis, Reuters: Republicans, who control the House, want to cut $61 billion a year from discretionary programs, excluding defense and other security items, which depending on each politician’s chosen definition total $500 billion or somewhat more of the $3.5 trillion federal budget for 2010. Cost cuts on that scale, though, could lead to an impasse with the Democrat-controlled Senate next month. Meanwhile, President Barack Obama has called for a
February 25, 2011
“New Study Shows That Offshore Drilling Could Make Alaska the Eighth Largest Oil Producer in the World – Ahead of Libya and Nigeria”
Is it just me, or is it a poignant commentary on the sad decline of American individualism that a flaccid, big-government yes man like Ken Salazar gets away with wearing a fucking cowboy hat these days? Meh. Here.
“Paul Krugman’s Third World fantasy”
Harsanyi: According to Nobel laureate and raconteur Paul Krugman, Gov. Scott Walker and “his backers” are attempting to “make Wisconsin — and eventually, America — less of a functioning democracy and more of a Third World-style oligarchy.” Now, it’s common knowledge that throwing around loaded words like “socialism” is both uncivil and obtuse, so it’s comforting to know we can still refer to people as “Third World-style oligarchs.” And boy,
Kiss of death
David Brooks likes the crease in Mitch Daniels’ pants! Still: If we compare job growth in Indiana with job growth (or more accurately loss) with its mostly Democratically governed neighbors, it doesn’t look especially good. Indiana lost 6.5 percent of its jobs between December of 2004 (the month before Daniels took office) and December of 2010. This beats Michigan’s 13.0 percent and Ohio’s 7.7 percent, but is worse than Illinois’
“Rising Oil Prices Pose New Threat to U.S. Economy”
Recovery Summer, 2: Electric Bugaloo! Budget and debt problems at all levels of American government also threaten to crimp the domestic recovery. Struggling state and local governments may dismiss more workers this year as many face their deepest shortfalls since the economic downturn began, and a Congressional stalemate over the country’s budget could even lead to a federal government shutdown. “The irony is that we just barely got ourselves up