Entries Tagged as 'Austerity'

Austerity Comes to Britain

David Frum December 2nd, 2011 at 12:44 am 39 Comments

Dagenham is an industrial suburb east of London, hard-hit by the decline of manufacturing in the United Kingdom. It was the site of tonight’s Question Time program on BBC, where I occupied a chair hoping that I wouldn’t get asked too many questions about the British educational system.

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Granny’s Doing Fine

David Frum September 15th, 2011 at 8:46 am 32 Comments

The Census reports that over 65s have actually seen their income rise during the Great Recession:

Perhaps no households have weathered the downturn better than those headed by people 65 and older, healing whose incomes rose 5.5 percent from 2007 to 2010. By contrast, cialis household income for every other age group fell. Among people ages 15 to 24, drugstore it plunged 15.3 percent.

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Christie’s Good Fight

August 30th, 2011 at 12:56 am 51 Comments

As a Democrat – and a fairly liberal one by the standards of where I live – it isn’t that often that someone on the right really knocks my socks off. Let alone a Republican!

Yet that is exactly what happened on August 25th. From the comfort of my own living room I watched Gov. Chris Christie of New Jersey patiently but firmly set a hysterical critic straight at a town hall meeting. The exchange can be seen on YouTube.

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No Super Democrats On This Committee

August 10th, 2011 at 11:27 am 35 Comments

How can we explain the Democrats who have been appointed to serve on the Joint Select Committee? (Commonly known as the ‘Super Committee.’)

Let’s play political “Jeopardy.”

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What the Voters Want

David Frum August 8th, 2011 at 10:11 am 20 Comments

Do Americans want more money from Big Government? Mickey Kaus insists no, citing a column by Michael Barone, who in turn relies on research by Stanley Greenberg.

But as the evidence passes from Greenberg to Barone to Kaus, a fascinating game of broken-telephone is played.

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Enough Washington Drama

August 5th, 2011 at 9:14 am 6 Comments

These certainly are interesting times. The United States is in an increasingly precarious position. Growth at home is anemic.  There’s not much in Europe to be up about either. Markets are increasingly skiddish, ampoule and yesterday plunged.

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The Last Thing Baltimore Needs is IndyCar Racing

August 4th, 2011 at 12:44 am 16 Comments

On Labor Day weekend, look Baltimore City intends to host the Baltimore Grand Prix. The event will not be on a racetrack, capsule it will not even be in an enclosed venue. The racetrack will be the streets of downtown Baltimore.

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An Easy $80 Billion in Savings

August 2nd, 2011 at 1:02 pm 31 Comments

Cutting at least $1 trillion in government spending over the next decade is going to require some real tradeoffs and cuts to programs (defense, site social security, and Medicare) that everyone agrees need to exist in one form or another. Nonetheless, there’s also real waste. Here are more than $80 billion in cuts that could probably be made next year with no harm to anyone.

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Balancing a Budget is Easy: Cheat

July 20th, 2011 at 12:00 am 46 Comments

I’m sympathetic–even enthusiastic–about the idea of limiting federal government spending to 18 percent of GDP as many in the GOP say they want to do.   Although simply cutting “waste” won’t do it, shop some common sense reforms in entitlement programs combined with selected defense drawdowns could probably bring the budget to around that level. Over the next decade or so, viagra it’s a good goal for reform-minded conservatives to support. That said, the “Cut, Cap, and Balance” proposal now moving before the House–which would cut spending to 18 percent of GDP ($110 billion in total cuts right away) is an awful idea particularly when coupled with a balanced budget amendment. And it isn’t just the economic costs of rapid spending cuts (which I’m not sure would be as bad as some predict.) Instead, it’s the way Congress would behave: If the experience in the states is any guide, a need for sudden, rapid cuts in the budget will lead to Congress simply “cheating” its way out of the hole with “off budget expenditures” and “independent authorities.”

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Kasich Cuts Costs With Prison Reforms

July 15th, 2011 at 5:19 pm 11 Comments

The world is currently gripped in a push towards austerity. From the debt-ceiling debate, to the Eurozone crisis, to state shutdowns, it seems almost every governing body is forcing itself to make cuts. Those fighting against cuts label them “painful” and “immoral” while those pushing for lower spending characterize them as “necessary” and “ultimately beneficial.” However, as Ohio Governor Tom Kasich is showing, this may, in certain instances, be a false choice.

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