When you estimate the costs of the wrong population, compare it to a fanciful/impossible baseline, and ignore the time value of money, your headline number adds no useful information to the immigration policy debate.
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Boasting about a 4.2% deficit?
19 May 2013 
3 Comments
You’re supposed to boast when things are getting better, not when they’re getting worse more slowly.
Read moreA mistake in my deficit post
18 May 2013 Comments Off
I made a mistake in my Thursday post about CBO’s new deficit projection and correct it here,
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CBO’s new deficit estimate
15 May 2013 19 Comments
If like me, you hate tax rate increases on anyone and detest having the government own two massive mortgage finance companies, then you should feel no comfort from today’s deficit news, which is almost entirely the result of those policies.
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Eight problems with the Heritage immigration cost estimate
9 May 2013 30 Comments
There are so many problems with the Heritage study that this $6.3 trillion number is useless for making policy decisions. It might as well be plucked out of thin air.
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Opposing the President’s FHFA nomination
1 May 2013 7 Comments
By nominating Mr. Watt the President signals a return to the pre-crisis philosophy of regulating housing finance risk. That is a huge mistake. Mr. Watt should not be confirmed to head the FHFA.
Read moreGeorge W. Bush is smarter than you
24 April 2013 61 Comments
The new George W. Bush Presidential Center is being dedicated this week. This seems like a good time to bust a longstanding myth about our former President, my former boss.
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How filibusters work and why they are so rare
7 March 2013 4 Comments
Last night Senator Rand Paul from Kentucky led a 13-hour filibuster of the nomination of John Brennan to head the CIA.
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What if the sequester was a true across-the-board spending cut?
6 March 2013 3 Comments
While the sequester is advertised as an across-the-board spending cut, it’s not.
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A flawed attempt to assign blame
5 March 2013 2 Comments
The President’s initial attempt to blame Republicans in Congress for current and future economic weakness is flawed because House Republicans passed a bill that would have the same macroeconomic effect as the President’s proposal, at least for this year.
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