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Assimilated by the Peterson Borg

Assimilated by the Peterson Borg

National security types get taken for a ride. The language on taxes seems a bit more open to higher rates than in the past, and they actually call for defense spending cuts. But what makes the whole thing absurd is that they want all of this as part of “the resolution of the fiscal cliff […]

The debt ceiling is a manufactured crisis to separate the poor from their assets

The debt ceiling is a manufactured crisis to separate the poor from their assets

There is no connection between raising the debt ceiling and arguing over tax policy. Tax policy takes many years to work out. All of a sudden, Mr. Obama is going along with the charade of saying, “Wait a minute, let’s create a crisis.”