Entries Tagged as 'Long Term Planning'

Who Broke the Government?

David Frum September 26th, 2011 at 11:06 am 186 Comments

In my column for CNN, I explain why government institutions are failing:

Under the old rules, there were certain things that political parties did not do — even though theoretically they could. If one party controlled the Senate and another party controlled the presidency, the Senate party did not reject all the president’s nominees. The party that controlled the House did not refuse to schedule votes on the president’s budgets. Individual senators did not use secret holds to sway national policy. The filibuster was reserved for rare circumstances — not as a routine 60-vote requirement on every Senate vote.

It’s incredible to look back now on how the Reagan tax cut passed the Democratic House in 1981. The Democratic House leaderships could have refused to schedule votes on Reagan’s tax plans. Instead, they not only allowed the tax plan to proceed — but they allowed 48 of 243 Democrats to break ranks on the key procedural vote without negative consequences to their careers in the Democratic party. (Rep. Dan Glickman of Kansas, for example, who voted for the tax cuts would rise to become Secretary of Agriculture under President Clinton.)

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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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S&P Was Right to Downgrade

August 8th, 2011 at 4:34 pm 26 Comments

The dispute between the Treasury Department and Standard and Poor’s over America’s sovereign bond rating is a tempest in a teapot.  Worse, it overshadows the reality about America’s debt: Congress cannot handle it politically and Americans will have difficultly handling it personally.

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Signs of Progress

David Frum August 5th, 2011 at 10:53 am 42 Comments

Charles Krauthammer endorses abolishing both the healthcare exclusion and mortgage interest deductibility. Add a carbon tax or VAT and you’ve got a Republican offer enticing enough to gain meaningful Democratic concessions on entitlement spending – while still meeting Republican goals of holding down tax rates on work, saving and investment.

Debt reduction is not an answer to the current global economic crisis, but debt reduction remains necessary to enhancing the long-term growth potential of the US economy post-crisis.