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It's DELLISTACULAR!!!

  • More Complaints!

    Number of comments: 1
    Let’s spend a moment discussing how awful this administration has been so far:

    (1) The new “corporate loophole” tax plan is imperialistic and stupid. No other major economic power purports to tax earnings that were made in other countries. Obama basically just declared NATO allies Ireland and the Netherlands [...]
    Posted: May 19, 2009, 5:06pm EDT
  • What If?

    Number of comments: 1
    I have just finished a fascinating set of essays published under the title "What If?" The book provides a set of hypothetical counterfactual histories that would have occurred if military history had turned out slightly differently. For example, if the Assyrian army outside Jerusalem had not succumbed to a mysterious [...]
    Posted: March 14, 2009, 6:28pm EDT
    by Dellis
  • Cynicism

    Number of comments: 0
    The Obama administration has been somewhat cynical in its early days. The reasons:
    (1) He closed the nuclear waste storage facility at Yucca Mountain, even though he has proposed no alternative. Thus we will have another "not in my backyard" fight among the states, even [...]
    Posted: March 08, 2009, 1:08pm EDT
  • 5 Greatest Superbowls Since 1985

    Number of comments: 0
    What are the 5 greatest Superbowls since 1985? (when I started watching football) This is my criteria: the game itself must be close and exciting, the game should have some form of epic quality about it, and there should usually be some independently interesting storyline surrounding the game. And while [...]
    Posted: February 02, 2009, 3:01pm EST
  • The Golden Age of Men's Tennis

    Number of comments: 1
    We have quietly entered a golden age in men's tennis. Gone is the era where the big servers dominated and the rallies usually lasted a few shots. In its place we have the best men's tennis rivalry since the 80s in Nadal/Federer. Each man has [...]
    Posted: January 28, 2009, 3:55pm EST
  • Why Iraq?

    Number of comments: 0

    Many people are obsessed with shifting U.S. troops out of Iraq. While I disagree with this view, it is perfectly sensible. But what doesn't make any sense is why someone would favor redeploying all Iraq-based U.S. troops, and yet still favor massive U.S. military deployments' [...]
    Posted: January 23, 2009, 1:21pm EST
  • More Details on Gitmo

    Number of comments: 0
    The Washington Post ran an interesting article this morning providing more details on Obama's "plan" to close the terrorist facility. I put "plan" in quotes because there isn't much of a plan concerning what to do with the 245 combantants currently detained at Gitmo. Instead, a separate commission will [...]
    Posted: January 23, 2009, 12:54pm EST
  • Questions Based On Obama's First Day

    Number of comments: 0
    (1) Roubini estimates that the U.S. banking system is currently insolvent, meaning that it has more credit losses than capital assets. This is currently the most pressing problem for our country. How do we fix this? How would a "bad bank" / new RTC value toxic banking assets, when the [...]
    Posted: January 22, 2009, 1:49pm EST
  • Cult of Personality

    Number of comments: 3
    North Korea's founding dictator Kim Il Sung justified his tyranical rule based on the philosophy of juche. Unfortunately for the people of North Korea, juche never meant anything. It was just a bunch of vacuous verbiage that sounded nice, but ultimately meant nothing. The real political philosophy underlying Kim' [...]
    Posted: January 20, 2009, 4:54pm EST
  • The TARP Miracle

    Number of comments: 0
    Few bills have been derided quite as much as TARP, and yet few programs have been more spectacularly successful. TARP has been variously criticized as a massive bailout for irresponsible banks, huge deficit spending, and as being woefully non-specific. All of these criticisms are valid. Yet TARP is [...]
    Posted: January 16, 2009, 1:25pm EST
  • Overrated and Underrated Presidencies

    Number of comments: 1
    Overrated Presidencies

    FDR
    Imprisoned thousands of Japanese-Americans solely on the basis of their ethnicity.Tyrannically ignored the two-term presidential custom that was originally established by Washington, an act widely credited as a vital consolidation of America's young democracy.Attempted to defenestrate an entire branch of government by packing the Supreme' [...]
    Posted: January 14, 2009, 10:14am EST
  • Taxes

    Number of comments: 0

    Both Republicans and Democrats are regularly proposing seriously flawed tax proposals. The reason is that neither party has been willing to grapple with the nature of the skyrocketing costs of Medicare and Social Security, which is caused by our aging demographics and health care cost inflation.. As had been well [...]

    Posted: January 14, 2009, 10:09am EST
  • Not So Wiztacular

    Number of comments: 0

    This Wizards season is clearly lost. What next? The answer depends on two unknowns. First, the Wiz need to know what Gilbert Arenas is capable of. If he comes back as one of the NBA's best players like he was from '05-'07, the whole calculus changes and the team should' [...]

    Posted: January 14, 2009, 10:05am EST
  • The Obama Administration

    Number of comments: 0
    Not much will change as a result of Obama taking power in a couple weeks. Nuclear negotiations with Iran and North Korea will continue to no avail. Military commitments in Iraq, Afghanistan, South Korea, Japan, Germany, and Bosnia will continue unabated. The military base at Gitmo will keep housing hordes [...]
    Posted: January 05, 2009, 7:42pm EST
  • Benjamin Button = Boring

    Number of comments: 1
    The best thing that can be said about the Curious Case of Benjamin Button is that it was really creepy. It was weird both seeing Brad Pitt as a decrepit baby, and then later to see his aging lifelong romantic love interest cradling him in her arms in his old/young [...]
    Posted: December 31, 2008, 2:00pm EST
    by Dellis
  • The War of 1812

    Number of comments: 3
    I just finished a book on the War of 1812, and I have a few thoughts:
    (1) This was an entirely unnecessary war. America declared war for 3 reasons: the Royal Navy's impressment of neutral sailors into the British Navy; British belligerence towards the merchant vessels of anyone trading with' [...]
    Posted: December 24, 2008, 5:13pm EST
  • A Job Creation Program

    Number of comments: 0
    The best thing that the federal government could do right now to create jobs is to stop deterring employers from taking on employees by forcing employers to pay the payroll tax, health care, and pension costs of their employees in addition to salary. None of these have much to do [...]
    Posted: December 17, 2008, 3:42pm EST
  • The Economy and the Auto Bailout

    Number of comments: 0
    We are in an unusually abysmal economy, the worst of my lifetime. Consumer spending is in the gutter amid layoffs, asset collapse, uncertainty, and a lack of access to debt-financing. Business spending has dived off a cliff due to a lack of consumer spending and the dearth of functioning credit [...]
    Posted: December 11, 2008, 4:32pm EST
  • Redskins

    Number of comments: 2
    My early predictions were right - this team was headed to mediocrity. The offensive and defensive lines have been revealed to be aging and injury-prone. The passing game collapsed once opposition defenses realized all they had to do was double cover Santana Moss. The running game has disappeared with All [...]
    Posted: December 11, 2008, 4:15pm EST
  • Entourage

    Number of comments: 0
    24 and Lost will soon be back, but at this point Entourage is the best show going. Television has more potential than movies because television shows have more time. Time helps in two ways: because more events can happen, and because we get to know characters more. Prior to the [...]
    Posted: November 16, 2008, 10:54pm EST
  • Whither the Republicans?

    Number of comments: 3
    The Republicans lost this year because we had a financial panic a month before the election, which followed a year of economic malaise. Nearly every time there has been a financial panic or a significant economic downturn prior to an election, the incumbent party loses. The Democrats lost in 1860 [...]
    Posted: November 16, 2008, 3:18pm EST
  • Obama's Victory

    Number of comments: 0
    Obama's victory is a major setback on free trade, tax policy, health care policy, union policy, anti-proliferation, rogue state rollback, and entitlement reform. But his election does have several possible advantages:

    (1) It is a historic rebuke of 3 centuries of slavery and Jim Crow segregation.

    (2) It' [...]
    Posted: November 06, 2008, 9:39am EST
  • McCain for President

    Number of comments: 5
    (1) McCain's policy agenda is irrelevant, because the Democrats will dominate Congress. When Obama is elected, there will be nothing to stop the Democratic Congress from passing leftist solutions (and non-solutions) to health care, tax policy, trade, entitlement non-reform, the environment, energy, etc. The result will be trillions in new' [...]
    Posted: October 16, 2008, 4:21pm EDT
  • Taxing Health Care

    Number of comments: 0
    Both sides were effective in the Biden/Palin debate, but both sides were also very deceptive. Palin was deceptive in asserting that a vote against funding is a vote against the troops, when it is really the only way that Congress can place limits on wars that are already authorized. Biden [...]
    Posted: October 03, 2008, 9:43am EDT
  • The Redskins

    Number of comments: 3
    I have never been happier to be so incredibly wrong. I predicted the Redskins would go 4-12; they are already 3-1. I predicted Jason Campbell would be a bust - instead he has made the Leap into a top QB. I predicted the skill positions players would be mediocre - [...]
    Posted: October 01, 2008, 4:06pm EDT
  • Awful House of Representatives

    Number of comments: 2

    The House GOP hit a new low today, voting no to a compromise rescue package agreed to by the congressional leadership and the President. The final bill was measured and centrist, and may well have averted the short-term debt crisis. Speaker Pelosi is at [...]
    Posted: September 29, 2008, 3:55pm EDT
    by Dellis
  • McCain/Obama Debate September 26, 2008

    Number of comments: 0
    I thought the debate was a draw, and I was pleased that both candidates offered similar foreign policy visions, and both candidates broadly seek to continue the Clinton/Bush foreign policy on non-proliferation, anti-terrorism, Iraq, Iran, Pakistan, and Russia. I was very displeased at Obama's repeated misleading statements in the economic' [...]
    Posted: September 29, 2008, 11:17am EDT
  • My View on the Financial Rescue

    Number of comments: 2
    We have witnessed an unusual financial panic the last few weeks. While I have strong reservations, I do think that the Paulson/Bernanke Plan makes the most sense. First, this could be a financial windfall for the federal government because it is so big and patient. We are witnessing liquidity [...]
    Posted: September 26, 2008, 3:37pm EDT
  • The "New" McCain

    Number of comments: 0
    We hear a lot of talk from the Democrats about how the '08 version of McCain is somehow deeply conservative and a changed man from the early '00s bipartisan version. Please. McCain has consistently opposed conservatives on carbon caps, ANWR drilling, executive compensation, immigration, stem cell research, Gang of 14 [...]
    Posted: September 25, 2008, 3:07pm EDT
  • Suspend the Debate

    Number of comments: 5
    Say what you will about John McCain, but he has been the foremost bipartisan bridger of compromises over the last decade. With the Paulson plan faltering on Capitol Hill, it is entirely sensible that McCain would return to his Senate duties and seek to bring Republicans and Democrats together around [...]
    Posted: September 24, 2008, 5:55pm EDT
  • My Questions for Jason Campbell

    Number of comments: 0
    The NFC East ESPN blogwriter requested my questions. We'll see if he actually asks them.

    Is it more difficult to throw to smaller receivers like Moss and Randle-El?

    Was the Al Saunders playbook more complicated than the Zorn playbook? Which offensive scheme do you prefer?

    Snyder [...]
    Posted: September 24, 2008, 11:45am EDT
  • Is College Worth It?

    Number of comments: 0
    Private college tuition now cost $50,000 a year. When room, board, books, and living expenses are included, college probably costs around $300,000 nowadays. A social norm has developed in America where parents usually will completely support their children through college, but will cut them off otherwise. This social norm is [...]
    Posted: September 24, 2008, 11:08am EDT
  • Eliminate the SAT

    Number of comments: 0
    On balance, I believe that objective testing is the best way to fairly ascertain which students are the most academically qualified to attend elite academic institutions. An objective test will certainly communicate academic qualifications far better than essays written by parents and college counselors, teacher recommendations that say more about [...]
    Posted: September 24, 2008, 9:42am EDT
  • The Change We Need

    Number of comments: 0
    Everyone seems to agree on the idea that we need policy change. What should this change encompass? My view: the unenacted portions of the Bush legislative agenda. Bush's main domestic legacies are passing tax cuts (mostly good, some bad), No Child Left Behind (some good, some bad), creating the DHS [...]
    Posted: September 23, 2008, 5:39pm EDT
  • Dan Snyder Sucks

    Number of comments: 0
    The Redskins have been pleasantly surprising this year. The passing game has been dynamic; the running game punishing; Campbell has made excellent decisions; the defense has been swarming; the secondary has been effective. The biggest concern for the Redskins is the NFC East. The Cowboys, Giants, and Eagles all look [...]
    Posted: September 22, 2008, 3:03pm EDT
  • If I Were a Presidential Debate Moderator, I Would Ask:

    Number of comments: 4

    1. Do you believe that nuclear deterrence can continue to be an effective doctrine in the 21st century? What threats to the effectiveness of our nuclear deterrent do you envision?
    2. America has only been directly attacked once in its history, yet America has fought many wars. Which of these [...]

    Posted: September 11, 2008, 10:43am EDT
  • Stupid Campaign Part VII

    Number of comments: 0
    The only real way to bring down taxes is to cut spending. Absent spending cuts, tax cuts ultimately just shift the tax burden from today's workers to future workers. Taxes are almost entirely paid by people with high incomes in any given calendar year - the bottom 50% of households [...]
    Posted: September 09, 2008, 2:31pm EDT
  • Tax and Entitlement Sunsets Are Good

    Number of comments: 0
    This is an indispensable counterintuitive argument from UVA Law professor George Yin that early sunset legislation is actually good from a fiscal responsibility perspective. Our most dangerous federal programs are the ones that started small, and through sheer inertia and time have grown to slowly swallow up the [...]
    Posted: September 08, 2008, 5:02pm EDT
  • What Is Really Relevant

    Number of comments: 0
    This is an interesting piece in the NY Times noting that McCain's tax and economic plans frankly are not relevant because he'll be facing a hostile Democratic Congress. Ultimately, my best guess is that a McCain administration will result in a compromise health care reform like the Wyden [...]
    Posted: September 08, 2008, 11:58am EDT
  • Anti-Palin Rant

    Number of comments: 0
    Regular readers know my general political views. I have not been impressed by Obama. But the choice of Palin as the Republican VP nominee has shocked me. This is a woman who wants abortion to be illegal, even in cases of rape and incest. This is unbelievable. Rape and incest? [...]
    Posted: September 04, 2008, 6:42pm EDT
  • Palin's Speech

    Number of comments: 0
    Palin delivered an extraordinarily effective speech that was nonetheless largely vacuous on policy matters. Choosing her as VP was a brilliant political move, but I still wish that a more accomplished, more experienced, more socially-moderate nominee had been picked.

    Update: This speech reminded me a lot of the speeches [...]
    Posted: September 03, 2008, 11:13pm EDT
  • Why Poverty Is Inaccurately Measured

    Number of comments: 0
    Official poverty statistics do not take into account housing subsidies, food stamps, tax credits, or any other non-cash program designed to help low income families. All that the official poverty rate is concerned with is food prices and ordinary income, ignoring rising health care prices. Given that the rising [...]
    Posted: September 03, 2008, 9:18am EDT
  • Thompson and Lieberman

    Number of comments: 0
    Both Thompson and Lieberman gave powerful speeches tonight. Thompson delivered a stirring tribute to John McCain and an effective riposte to the Democratic foreign policy of apologizing for America and the Democratic economic policy of tax and spend. Lieberman gave a stunning speech that only a former Democratic VP nominee [...]
    Posted: September 02, 2008, 11:03pm EDT
  • The Palin Distraction

    Number of comments: 2
    McCain has a limited period to point out all the misleading statements Obama made in his speech. One statement I wish McCain were making is that the term "tax cuts" actually means cutting tax rates from present levels, rather than: (1) a debt-financed, $1000 a citizen "stimulus" that is effectively [...]
    Posted: September 02, 2008, 9:24am EDT
  • 2008 NFL Predictions

    Number of comments: 0
    Since it's Fall, it's time for football predictions. Inevitably, all football predictions foresee the exact same finish as last year, except for 1 or 2 allegedly "bold" changes. My predictions are no different.

    Dallas 12-4
    *NY Giants 10-6
    Philadelphia 8-8
    Washington 4-12

    Minnesota 9-7
    Chicago 9-7
    Green [...]

    Posted: September 01, 2008, 6:11pm EDT
  • Sarah Palin

    Number of comments: 0
    I don't like the pick. She lacks the requisite record of accomplishment or the national experience to take over the presidency in an emergency. I think this was a political pick designed to pick off women, help McCain with evangelical Christians, and help dispel the idea that McCain is [...]
    Posted: August 29, 2008, 11:02am EDT
  • Obama's Speech

    Number of comments: 0
    Obama's Convention Speech was forceful but ultimately deceptive on his policy details. In 2001, Bush signed into a law a plan that lowered marginal income tax rates on all tax brackets. These were set to expire next year. Obama wants to maintain the new marginal tax rates on all tax [...]
    Posted: August 29, 2008, 9:29am EDT
  • Clinton's Empirical Observation

    Number of comments: 0
    Bill Clinton made an empirical observation on Republican policies last night that was entirely misleading. Clinton took complete credit for everything that took place in the economy between 1993 and 2000, and then blamed everything that happened from 2001 onwards on Republican policies. Ah, so the 3 out of [...]
    Posted: August 28, 2008, 1:24pm EDT
  • Mark Warner

    Number of comments: 0
    Unlike most pundits, I liked the Mark Warner speech a lot last night. I appreciated his focus on his real-world accomplishments, such as founding companies, investing early in tech startups, and solving Virginia's budget shortfall. His distinguished resume since HLS was of striking contrast to Obama's professional resume [...]
    Posted: August 27, 2008, 11:44am EDT
  • Obama's Economic Agenda

    Number of comments: 0
    Michelle Obama gave a nice, albeit fluffy, speech last night. Frankly, I am more concerned with Obama's economic agenda. This WSJ news article gives me huge reason to worry for the future of our country. Obama is utterly unconcerned with deficit reduction, in spite of the fact that we [...]
    Posted: August 26, 2008, 9:39am EDT
  • Lower the Drinking Age

    Number of comments: 0
    Our society entrusts 18-20 year olds with all of the responsibilities and privileges of adulthood, including the right to vote, the responsibility of joining the military, and the ability to smoke cancer sticks. Yet federal law effectively prevents any state from deviating from the law of the land that [...]
    Posted: August 21, 2008, 10:21am EDT
  • De-Link Benefits from Employment

    Number of comments: 0
    What do health care benefits and retirment savings have to do with one's employer? In an ideal world, nothing. But in reality, they are intricately inter-connected. It is difficult to save tax-free for retirement without using a 401-K, which can only be granted by the employer. And it is difficult [...]
    Posted: August 21, 2008, 10:20am EDT
  • VP Chatter

    Number of comments: 0
    I still think Romney is the best Republican choice for VP. He has an unrivaled track record of taking over organiations at difficult moments and leading them to spectacular success. He founded Bain Capital, one of the premier private equity firms in the world. He took over Bain Consulting when [...]
    Posted: August 20, 2008, 3:59pm EDT
  • Single Payer System

    The current health care system is a mess. Costs are skyrocketing out of control. Medicare has $35 trillion or so in unfunded liabilities over the next half century. It is prohibitively expensive for people with pre-existing conditions or older under-employed people who are still under 65 to get health insurance. [...]
    Posted: August 20, 2008, 2:24pm EDT
  • Tax Credit Nonsense

    The WSJ ran a must-read op-ed and Obama's plan for tons of new "tax credits" that are "refundable". I use the quotes deliberately, because this is very deceptive terminology. A normal tax credit will simply offset income taxes. But since poor people and much of the middle class have [...]
    Posted: August 19, 2008, 2:30pm EDT
  • The '08 Redeem Team would beat the '92 Dream Team

    The '08 USA basketball team would beat the '92 Dream Team based on FIBA rules. Charles Barkley and Karl Malone would be unable to keep up with Carmelo Anthony, and Mullin/Bird would be unable to guard Lebron, thus forcing Pippin to log heavy minutes. The '92 team would have trouble [...]
    Posted: August 18, 2008, 3:05pm EDT
  • How to Reduce Inequality - Lower the Corporate Tax Rate

    One key driver of rising income inequality in recent years is the rising use of the S-corporation by small businesses. S-corporation are pass-through entities, meaning that their incomes are only taxed once individuals receive them. This is in contrast to corporate taxation, where income is taxed one time at the [...]
    Posted: August 18, 2008, 9:35am EDT
  • More Refinements

    Obama has tried to eliminate any substantive differences between himself and McCain on most social and foreign policy issues. Now he is eliminating many of the differences on economic issues too. Obama's chief economic advisors have announced that capital gains and dividends taxes will only be raised on two [...]
    Posted: August 14, 2008, 12:57pm EDT
  • Our Insane Criminal Laws

    2.3 million Americans are rotting in jail. Most of these people did not commit any violent crimes, and were simply caught up in our country's Draconian set of punishments for illicit drugs. State and federal criminal law is both broad and deep: it covers too much conduct, and it punishes [...]
    Posted: August 13, 2008, 10:33am EDT
  • Arrrrrrrrrrrrrrg!

    That is me being frustrated at the stupidity of the Democratic '08 tax platform. If we wanted, our country could lower taxes, raise more federal revenues, and have a fairer and simpler system of federal taxation. It would be easy. We would just eliminate most personal deductions and tax [...]
    Posted: August 13, 2008, 10:16am EDT
  • Lessons from the Russo-Georgian War

    This has been a very complex and interesting conflict. A few things have become clear:

    (1) The decisive factor limiting an American response in this instance was Russia's nuclear arsenal. A lesson nearby Iran has undoubtedly noted. Also a lesson that any non-nuclear nation who thinks that America has their [...]

    Posted: August 12, 2008, 2:23pm EDT
  • The Fed

    Alan Greenspan has a good solution to the recent shenanigans of the Fed: create a new Fed-like institution to prevent financial contagion in the event of a future failure of a financial company that is allegedly too big to fail. This institution will be apolitical and expert, it will [...]
    Posted: August 11, 2008, 4:11pm EDT
  • Iran

    This is an interesting piece, albeit flawed, arguing that we should not be taking coercive military action against Iran to stop their nuclear program. The article correctly notes that far too much attention has been paid to Ahmadinejad, when Supreme Leader Khamenei is the main figure who matters. And [...]
    Posted: August 11, 2008, 10:13am EDT
  • Taxing Differently Based on Regional Cost of Living

    Bill Clinton in '92 wanted the "wealthiest few" meaning "those making over $200,000 a year" to "pay their fair share". Today Obama also wants "the rich" to pay their "fair share", though he defines anyone as rich who makes more than $250,000. I would recommend that anyone subscribing to [...]
    Posted: August 06, 2008, 4:53pm EDT
  • The Stupid Presidential Campaign Part III

    Obama '08 = Clinton '92. The same campaign, the same bromides. Both were focused on Change, the failed economic policies of George Bush, the hurting middle class, rising education/housing prices, health care for all, kick the special interests out, a new way to unite Democrats and Republicans behind a liberal [...]
    Posted: August 04, 2008, 7:48pm EDT
  • The Stupid Presidential Campaign Part II

    Another reason this campaign has been so stupid - Obama's constant refrain that Bush/McCain's economic policies are the cause of the current downturn. The current economic downturn has been caused by falling housing prices, the debt crisis, and an oil shock. Is it really plausible to argue that tax cuts [...]
    Posted: August 04, 2008, 7:48pm EDT
  • The Presidential Campaign

    As I predicted a couple months ago, this has been a stupid presidential campaign. McCain has attempted to portray Obama as effete and elite through silly comparisons to Paris Hilton; Obama has outrageously depicted McCain as racist. Meanwhile, the discussion of the policy issues has been superficial and misleading. My [...]
    Posted: August 03, 2008, 12:11pm EDT
  • Medicare

    A 100 year old woman received a $35,000 new pacemaker, all courtesy of American taxpayers. I don't want to make a moral judgment about this, but I will make a statement that should be uncontroversial. It is wonderful that this woman received a new pacemaker to help extend her [...]
    Posted: August 03, 2008, 12:11pm EDT
  • I Hate The Red Sox

    I have long hated the Red Sox. Their false sense of grievance; their ridiculous opining about the Yankees being an Evil Empire when the Red Sox have the 4th highest payroll in baseball; the way they strangely despise other teams. Now we have another example - the quickness with which [...]
    Posted: August 03, 2008, 12:10pm EDT
  • Housing

    Robert Samuelson is perhaps the finest columnist in the nation, and today's op-ed was another example of his mastery of the craft. Washington's obsession with home ownership would be certified as lunacy in many other contexts. The last 2 presidents in particular have repeatedly cited high home ownership as [...]
    Posted: August 03, 2008, 12:09pm EDT
  • Executive Compensation

    Executive compensation at public companies is a farcical joke on the shareholders. Executives get their buddies on the Board to agree to give them millions of dollars a year in compensation. The Board justifies these actions by hiring parasitic "executive compensation consultants" who come up with a list of allegedly [...]
    Posted: July 27, 2008, 1:31pm EDT
  • Entitlement Means Testing

    I also think this is an interesting analysis of what many people want to do to partially solve the entitlement fiscal crisis: means testing. As economist Mankiw points out, functionally Medicare means-testing is basically an income tax surcharge on old sick people. But given that seniors simply do not [...]
    Posted: July 22, 2008, 4:00pm EDT
  • The NBA's Labor Restrictions

    Josh Childress is an excellent NBA player, and it has been reported that he is seriously considering a lucrative offer from a Greek team. The NBA has severely restricted the ability of its players to freely seek contracts. Josh Childress is a restricted free agent, meaning that many NBA teams [...]
    Posted: July 22, 2008, 3:59pm EDT
  • More Regulations and Mandates?

    The housing run-up was largely caused by poor public policies. These included: not taxing housing capital gains for gains up to $1 million in appreciation while having concurrent distortionary taxes for other forms of investment; the home mortgage interest deduction; the implicit federal guarantee of Freddie/Fannie; a battle to buy [...]
    Posted: July 22, 2008, 3:58pm EDT
  • Lincoln Does Not Equal Obama

    The "Abraham Lincoln was unqualified to be president, so it's ok that Obama is also unqualified" argument must be rebutted, because it has been repeated far too much. First, Lincoln had been a national figure for 15 years - he had been in the House of Representatives for 14 years [...]
    Posted: July 22, 2008, 3:57pm EDT
  • Bush 41's Foreign Policy and Obama

    A lot has been written recently about how Obama's foreign policy would look a lot like Bush 41's foreign policy, as if this would be a good thing. Even Obama says he liked George H.W. Bush's allegedly "realist" foreign policy. Here are my questions: does Obama support the [...]
    Posted: July 15, 2008, 2:38pm EDT
  • The AMT

    The Alternative Minimum Tax (AMT) is one of the silliest policy devices ever created, yet I love it. Basically the AMT provides an alternative tax structure where a set amount (in 2007, $44,350) is tax exempt for most taxpayers, and after that, there is a flat tax on ordinary income [...]

    Posted: July 15, 2008, 10:10am EDT
  • Carried Interest

    I thought this was a fascinating article on carried interest in VLR (I recognize how many unlikely assertions there are in this sentence). I had previously argued that carried interest should be taxed as ordinary income to the private equity sponsor. But I had not fully realized that [...]
    Posted: July 10, 2008, 1:08pm EDT
  • My Unpublished Letter to the WSJ

    Your July 5 editorial on "Iraq's Oil Surge" was unnecessarily deceptive. Your editorial page notes that the western oil companies, including flagship American companies Exxon and Chevron, received a short-term, no-bid contracts from the Iraqi government. Your editorial also correctly notes that there will be competitive bidding in two [...]

    Posted: July 09, 2008, 10:39am EDT
  • Obama's and McCain's Social Security Plans

    Obama has further "refined" his social security policy. He has ruled out any spending cuts, which in my view should be an essential portion of any social security fix. He has ruled out raising the retirement age. He has ruled out any plan that would invest an individual's payroll [...]

    Posted: July 08, 2008, 10:02am EDT
  • The Pax Americana

    Throughout history, the consequences of losing wars has been quite severe. The loss of self-rule, mass murder and slavery, and the looting of nations have been commonplace whenever a nation's military loses to a foreign power. And oftentimes, a nation that appeared stronger immediately prior to a war will unexpectedly [...]
    Posted: July 06, 2008, 5:56pm EDT
  • I LOVE ALANA!

    Posted: June 30, 2008, 11:29pm EDT
  • Flip Flop

    Because the flip flop charge was so politically effective against Kerry in '04, both McCain and Obama are attempting to label each other as flip floppers. Why is the flip flopping charge so politically effective? There are 4 reasons in my view. First, though Americans profess [...]
    Posted: June 30, 2008, 12:37pm EDT
  • Heller, Davis

    I have not studied the 2nd amendment, and I loathe guns. But I am happy that after 217 years, the Supreme Court has finally clarified the meaning of the 2nd amendment. I do not have enough knowledge to seriously wrestle with the question of whether the 2nd amendment confers an [...]

    Posted: June 26, 2008, 4:52pm EDT
  • Heller, Davis

    When President Bush came to office, North Korea was violating its treaty commitment and secretly building nuclear weapons. This was a terrible situation, given how evil their Dear Leader is, how often North Korea has proliferated their weapons systems in the past, and the degree of brinksmanship North Korea has [...]

    Posted: June 26, 2008, 3:05pm EDT
  • Kennedy v. Louisiana - Wrong

    Another 5-4 Supreme Court liberal majority overrode the difficult compromise decision of governments accountable to the public. This time, the 5-4 liberal majority overruled the sovereign state of Louisiana to pronounce that the Constitution's cruel and unusual punishment clause's proportionality principle rendered unconstitutional Louisiana's attempt to provide the death penalty [...]
    Posted: June 25, 2008, 6:01pm EDT
  • Agreement

    Because most of my friends identify themselves as Democrats, there have been dozens of occasions in my life where we have compared our views across the broad spectrum of policy positions. Except for extremists, we generally find that we agree on the big issues, but have minor disagreements on the [...]
    Posted: June 23, 2008, 4:48pm EDT
  • Basic Uncontroversial Idea That Doesn't Happen Due to Ignorant Voters

    Take inflation into account when forming tax brackets and capital gains. In 1994, the top marginal ordinary income bracket of 39.5% began at $250,000. Yet Obama wants to continue to make this $250,000 the magic number for when someone suddenly becomes "rich". Why not index this number to inflation, and [...]

    Posted: June 20, 2008, 5:03pm EDT
  • Bill Simmons Sucks

    Let me qualify that title. Bill Simmons is often funny, his analogies and pop culture references are insightful, and his in-depth historical pieces are usually interesting. The area where Bill Simmons sucks is his sports analysis. Simmons canonizes or scapegoats whomever happened to have a good or bad game last [...]
    Posted: June 18, 2008, 11:25am EDT
  • Robots

    Will we soon cure disease, solve all of our energy concerns, live forever, and morphe into part machine / part person? Probably not, but Ray Kurtzweil thinks so. Four key factors underly Kurtzweil's bold predictions. First, technological progress occurs exponentially, not linearly. The technological advances of the past [...]
    Posted: June 18, 2008, 11:25am EDT
  • Awful Virginia GOP

    Number of comments: 1

    The Post rightfully rails against Jim Gilmore today. Few deserve it more. His gubernatorial reign was an unbridled disaster. Yet because the good ole boy Virginia GOP ran a convention instead of a primary, moderate Tom Davis was effectively precluded from running for Senate, and so Jim Gilmore will [...]

    Posted: June 18, 2008, 11:24am EDT
  • The Do Nothing Congress

    Rarely in American history has there been a worse Congress than the 110th. Congress' most noteworthy legislative "achievements" were raising the minimum wage (when increasing the earned income tax credit would have been unambiguously superior public policy), raising CAFE standards (when implementing a carbon-based fuel tax would have been unambiguously [...]
    Posted: June 18, 2008, 11:23am EDT
  • Joementum

    Though Democrats in '04 professed to want "anyone but Bush", they not only rejected the most moderate Democratic in the presidential race that year, they also booted him out of the party in '06. What were Lieberman's awful crimes? Like Kerry, Hillary, and Edwards, he voted for the war in [...]

    Posted: June 17, 2008, 12:33pm EDT
  • Obama's Awful Social Security Plan

    Current social security benefits are funded directly through the payroll taxes that are confiscated out of current American workers' ordinary (non-capital) income. The social security benefits formula is calculated by taking the top 35 products of a worker's past payroll taxes multplied by a "multiplier index" that purports to bring [...]
    Posted: June 16, 2008, 11:58am EDT
  • Boumediene - Awful Decision

    How should our country make the difficult decision of balancing the protection of our national security, waging war against Al Qaeda, protecting our intelligence methods, while protecting the individual rights of alleged enemy combatants/terrorists captured abroad and held at a U.S. base under formal Cuban sovereignty? My opinion is that [...]
    Posted: June 12, 2008, 12:20pm EDT
  • Ricadian Equivalence

    Ricardian equivalence theory holds that debt-financed stimulus plans should not affect current spending because consumers should be investing this money to pay for future tax increases that will be necessary to pay for present-day deficits inflated solely as a result of the debt-financed stimulus package. Why does this not hold? [...]
    Posted: June 12, 2008, 10:16am EDT
  • A Third Bush Term?

    The Democratics have united around 1 talking point - that McCain would be a third Bush term. This is probably an effective political argument, but is it an accurate policy argument? To answer this, we have to first answer the question of why Bush is unpopular to begin with. [...]
    Posted: June 11, 2008, 4:42pm EDT
  • Response to Obama's Economic Plan

    Yesterday Obama delivered an unusually deceptive and silly speech on economics that just happened to ignore our nation's greatest economic issues (See graph for what these are). He criticized the corporate tax cute that McCain is proposing, even though this tax cut is the [...]
    Posted: June 10, 2008, 11:04am EDT
  • Where Obama is Right

    Obama has a ton of really bad policy ideas, but he does have some good ones. Below I list 18 of these.

    1. Making it more difficult for companies to shed their pension obligations through bankruptcy. It is absurd that companies have rung up so many unfunded pension obligations [...]
    Posted: June 06, 2008, 11:32am EDT
  • Bromides and Platitudes

    Obama today called for Israeli/Palestinian peace, and for the U.S. to stop Iran from going nuclear.

    Thanks.

    But the tough question is: how do we accomplish these goals? Obama offers one recipe: diplomacy. But will the magic bullet of diplomacy overcome Supreme Leader Khamenei's unvarnished desire for [...]
    Posted: June 04, 2008, 2:22pm EDT

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