“Deficits don’t matter.” When Vice President Dick Cheney uttered this famous line he was making a political judgment, not an economic one. In 2001, when the newly selected President George W. Bush and his posse rode into Washington they immediately began in earnest the chicanery, lying and recklessness that we came to expect throughout...
California: A Failed State
One Republican candidate who wants to be California’s next governor is Steve Poizner, whose economic prescriptions for healing the state’s fiscal maladies are like a quack doctor who “bleeds” his patient by attaching leeches. Poizner’s PR people came up with a catchy “10-10-10″ slogan. He throws up three arbitrary numbers to brand his economic...
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