Let’s Hope for Continued Fiscal Gridlock

starve the beast

Ivan Eland: The good news is that if the committee can’t reach an agreement on the fiscal changes, or if Congress rejects its work, defense (including homeland security) and domestic programs have to take equal cuts.

The Rally Against State Immigration Legislation Continues

protest

Seth Hoy: Until people honestly consider how these copycat laws will affect their own fiscal bottom lines—states with ailing budgets are only going to enforce themselves in the same tired and costly circle without really solving our federal immigration problems.

Why No Amount of Fiscal or Monetary Stimulus Will Be Enough

recession

Robert Reich: The Fed’s decision Tuesday to keep short-term interest rates near zero is no surprise. What’s odd is its apparent decision not to boost the economy by buying hundreds of billions of bonds — despite its acknowledgment that ”the pace of recovery in output and employment has slowed in recent months,” and that prices are rising too slowly for comfort (i.e., we might be facing deflation).

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