Economics 101: Whenever you are told that a proposed tax will barely be noticeable, don’t believe it!

From The Wall Street Journal: Long-Term Costs of Cutting Emissions Grow Hazy Economic costs of hitting near-term targets appear modest, but modeling grows less reliable further out By Amy Harder and Greg Ip | Updated April 24, 2016 12:42 p.m. ET The world’s top officials just signed an agreement to slow the buildup of planet-warming …

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Why, of course we should remove Andrew Jackson from the face of the $20 bill We would never want to honor the one President who actually paid off the national debt

From The Wall Street Journal: Harriet Tubman to Be Added to $20 Bill Decision comes after a campaign to solicit input on a proposal to put a woman on the $10 bill appeared to misfire By Nick Timiraos | Updated April 20, 2016 4:59 p.m. ET This time, Alexander Hamilton dodged the bullet. Treasury Secretary …

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#CarlyFiorina and Zero-Based Budgeting

We noted yesterday one way that the Congress can get the budget under control and reduce spending. Another is zero-based budgeting, which is supported by Republican candidates Carly Fiorina and Jeb Bush and former candidate Rick Perry. Zero-based budgeting is a simple concept in theory, but a difficult one in practice: it requires each federal …

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Two stories, and two points, from The Wall Street Journal.

The first story: Big Tax Cuts, and Deep Deficits, Seen in Donald Trump’s Plan By John D. McKinnon | September 29, 2015 @ 1452 EDT Donald Trump’s tax plan would cut taxes by far more than other presidential candidates’ proposals, but that also means it would deepen deficits by more – at least $10 trillion …

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It’s no wonder we can’t get spending under control . . .

. . . when the brilliant minds in Washington think that this is a good use of taxpayer dollars: Taxpayers Spend $3.5 Million to Find Out Why Lesbians Are Fat Ashley Rae Goldenberg | 7 hours ago A U.S. Health and Human Services (HHS) study to understand why lesbians are fat has now cost taxpayers …

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The Declaration of Independence:

(Bold Seem Familiar in 2015) The Declaration of Independence: IN CONGRESS, July 4, 1776. The unanimous Declaration of the thirteen united States of America, When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of …

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Are the Republicans going to waste the results of 2014?

From The Wall Street Journal: Congress Is Tiptoeing Away From Spending Curbs Republican workaround on military spending, bipartisan deal on Medicare highlight how fiscal restraints are easing By Nick Timiraos | Updated April 19, 2015 8:58 p.m. ET At first glance, fiscal austerity remains the order of the day in Congress, where Republican leaders are …

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€urosclerosis: Socialism meets reality in Greece

Your Editor has been somewhat remiss in keeping up with the Greek bailout story. From The Wall Street Journal: Greece Struggles to Get Citizens to Pay Their Taxes Tax Collection Is a Top Priority of Reform Plan From Athens By Matthew Karnitschnig and Nektaria Stamouli |Feb. 25, 2015 7:31 a.m. ET ATHENS—Of all the challenges …

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€urosclerosis: Schadenfreude!

From The Wall Street Journal: ECB Suspends Greek Collateral Waiver for Regular Lending Facilities Move Deals Blow to Greek Government’s Attempt to Rewrite Bailout Terms By Brian Blackstone | Updated Feb. 4, 2015 5:18 p.m. ET FRANKFURT—The European Central Bank on Wednesday said it would no longer accept junk-rated Greek government debt as collateral for …

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€urosclerosis: The Greeks have revolted

From The Wall Street Journal: Syriza Victory in Greek Election Roils European Debate Over Austerity Leftist Party’s Win Is Likely to Embolden Populist Movements Elsewhere in Eurozone By Marcus Walker | Jan. 25, 2015 8:33 p.m. ET BERLIN—For five years, Europe’s common-currency bloc has squabbled over whether the solution to its economic crisis lies in …

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