Ten Second News

Stocks collapse, threaten to go even lower than our opinion of Congress

Here’s Krugman: It’s not the whole story, but something like this threatens to develop: 1. US debt is downgraded, sparking demands for more ill-advised fiscal austerity 2. Fears that this austerity will depress the economy send stocks down 3. Politicians and pundits declare that worries about US solvency are the culprit, even though interest rates…

Paul Ryan’s Budget

“If Obama’s efforts to create a viable regulatory framework in which individuals can buy private health insurance (a) pass congress, and (b) turn out to work well and be popular, then you can imagine a version of Ryan’s plan being put into place. But in the absence of that kind of reform, I just don’t…

We Hate Big Government, Except When We Don’t

Memo to the conservatives who suddenly discovered that they were in favor of limited government when George Bush left office: if you want people to believe that your conversion is real, it would probably help if you don’t whine and complain about Big Government Obama (see also: Ed Driscoll, AJ Strata) when he actually proposes a…

Fiscal Responsibility, part II

I don’t understand how Conor can say this with a straight face: You’d think after rightly complaining about the Bush Administration’s unprecedented irresponsibility for eight years, leading Democrats would understand that we’re trapped in a terrible hole, but instead they just keep digging, figuring that while they’re in power, why not lobby for a massive…