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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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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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: 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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In 2009, we told you that the best thing we could do for the economy was nothing at all. It looks like we were right.

From The Times of India: Japan’s Abe unleashes stimulus plan to spur growth AP | Dec 27, 2014, 06.53 PM IST TOKYO: Japan’s cabinet approved 3.5 trillion yen ($29 billion) in fresh stimulus on Saturday for the ailing economy, pledging to get growth back on track and restore the country’s precarious public finances. Prime Minister …

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What would happen in a private business that operated like this?

From MSN Money: Medicare Doles Out $45B in Improper Payments The Fiscal Times | Brianna Ehley | November 20, 2014 It’s not news that the federal government has a serious issue with improper payments. During each of the last five years, agencies have doled out more than $100 billion in erroneous payments from various major …

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