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Return of the low down payment zombie
Mr. Melvin Watt runs FHFA, the Federal Housing Finance Agency charged with regulating Fannie Mae and Freddie Mac. Yesterday Mr. Watt said: To increase access for creditworthy but lower-wealth...
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President Obama’s odd economic campaign message
President Obama’s economic campaign message is odd. Here is what he’s saying at most campaign events. “There’s almost no economic measure by which we’re not doing better than we were when I took...
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Dr. Gruber’s honesty about lying
MIT Economist Dr. Jonathan Gruber, widely cited as “the architect of ObamaCare,” recently committed a Kinsley gaffe, “when a politician tells the truth – some obvious truth he isn’t supposed to say.”...
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I’m with Stupid —>
A few days ago I wrote about MIT’s Dr. Jonathan Gruber’s honesty about lying to enact ObamaCare. Today I want to focus on a different part of this quote, his reference to “the stupidity of the American...
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Elmendorf for CBO
The new four year term of the Director of the Congressional Budget Office begins soon. Now that Republicans will have majorities in the House and Senate, this job is entirely their call. The President...
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Message to Governors: Biden v. Obama
Here is VP Biden, speaking this morning to all Governors: THE VICE PRESIDENT: It’s great to see you all. And I don’t know about you all, I had a great time last night and got a chance to actually do...
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Defense v. ObamaCare
DEFENSE SECRETARY HAGEL: To close these gaps, the President’s budget will include an Opportunity, Growth and Security Initiative. This initiative is a detailed proposal that is part of the President’s...
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Will the last moderate fiscal Democrat please turn out the lights?
In his new budget President Obama once again proposes to flatten debt/GDP, to stabilize it over the next decade at a high level. But wait, you say. That’s not stabilizing. That’s not “flat” debt/GDP,...
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Sources for last moderate fiscal Democrat post
Blue line (President Obama’s Budget): Table S-1 of the President’s budget. Gray line (historic debt): Historical Budget Data from January 2015 Baseline from CBO, Tab 1. The parenthetical about...
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Keith Hall, the new CBO Director
I’d like to associate myself with Dr. Charles Blahous’ endorsement of Dr. Keith Hall to be the new director of the Congressional Budget Office. Budget Committee Chairmen Tom Price and Mike Enzi made a...
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