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Is Debt Really the Problem?

With a record growth of the debt, it has become a central topic of the campaign.  The Republicans prominently displayed a ticking debt clock at their convention to remind voters of the debt crisis looming.  Their focus is misguided. Debt can be a serious issue but to...

Lessons from the Opposition

It’s the Economy, Stupid How well James Carville summed up the election strategy that propelled William Jefferson Clinton to victory over George H. Bush. Only a year before the election Bush had a 90% approval rating after the success of Desert Storm. In several...

We Are Gonna Need a Bigger Pie

John Merline Writes in Investor’s Business Daily Income Inequality Rose Most Under President Clinton, 11/3/11 Excerpts: Meanwhile, during Clinton’s eight years, the wealthiest 5% of American households saw their incomes jump 45% vs. 26% under Reagan. The...

My Two Cents on the Debt Ceiling

Here is my two cents on the debt ceiling negotiations: It is a spending problem and it is a growth problem. Past solutions have delivered on tax increases but failed to deliver on spending cuts.  It is clear that increasing tax rates do not often yield increased tax...

What Did Not Cause the Financial Collapse

With the clarity of time we can look back at the brink of the collapse that hit us just prior to the last national election.  In the midst of the collapse we were stunned and angry, and tended to blame the party in power. Although the Democrats had controlled both...