The New Republic

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There's a really strange fight brewing between the Obama administration and Republicans over which baseline the supercommittee should use to measure its deficit proposals. The baseline is the comparison the Congressional Budget Office uses to figure out how much a policy change saves. Republicans say the baseline needs to be "current law." READ MORE >>

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President Obama has a credibility problem. He has compromised so often that Republicans simply don't believe that he'll sustain his opposition to anything, as this exchange attests: READ MORE >>

Bruce Bartlett on the silliness of cut, cap and balance. And CAP's telling infographic on the proposal Keith Hennessey has a strong summary of all the horses in the budget race.  Donald Marron rails against the debt limit. READ MORE >>

Former Bush administration economic adviser Keith Hennessey argues that it's unfair for President Obama to accuse the previous administration of presiding over "a decade of spiraling deficits": I want to focus on that last phrase:  a decade of spiraling deficits. READ MORE >>

I missed this post by former Republican budget staffer Keith Hennessey when it came out a couple weeks ago, but it's good enough to highlight now. Hennessey addresses the conservative complaint that nearly half of all Americans have no income tax liability. (This is not the same as paying no taxes, or even no federal taxes.) Hennessey points out that Republican policies are a major cause of this: READ MORE >>

--Which kind of ideological conversion is most admirable? --John McCain laughs along with global warming denial --Alan Wolfe on Thomas Sowell --Keith Hennessey breaks down different ways to look at the budget READ MORE >>

Former Bush economic advisor Keith Hennessey is back for more. His first defense of Bush fiscal responsibility was highly unpersuasive, and his follow-up, unbelievably, appears to be even worse. READ MORE >>

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