Budget and Deficit
How President Obama's 2013 Budget Affects Intellectual Property
We’re not fans of the Obama 2013 budget, as you can probably guess. And it’s going nowhere, thankfully. But it’s instructive to see the impact of the Obama administration’s budget vision as to how it would affect the creative and innovative industries.
On the Positive Side
There’s not much.
- The Intellectual Property Owners Association reports that the budget will allow USPTO to keep all of its user fees. We agree with this, and we’ve written about the problem of fee diversion in the past. This is actually an area where we found ourselves disagreeing with our usual ally, Rep. Paul Ryan.
- Additional funding for cybersecurity should, if successful, help reduce the threat of theft of intellectual property from American companies by overseas IP predators, most notably China. Some government agency estimates suggest that U.S. companies have lost more than $400 billion in intellectual property theft to cyberespionage. < Read More >>
Two Charts On the Sequester
Here are a couple of charts that hopefully will provide some perspective on the relative insignificance of the sequester cuts. First chart shows total federal spending for the next ten years. The blue bars are how much the federal government will continue to spend, and how much spending will continue to grow, even with the sequester cuts. All the other colors represent the sequester cuts. They're hard to see because they are INSIGNIFICANT. Read More >>
Can You Find the Savage Sequester Cuts?
Two charts related to spending cuts
I was honored to be the speaker tonight for the Flower Mound Area Republican Club's January meeting. The major topic was that it's relatively easy to balance the budget simply by getting spending modestly under control.
I had prepared two PowerPoint slides to help illustrate the points, but due to a miscommunication I wasn't able to slow the slides. So here they are. Read More >>
Jon Stewart ridicules Krugman's magic coin
Good for Jon Stewart to see the insanity in Paul Krugman's $1 trillion magic coin idea.
As we've written, the idea is terrible economics and terrible politics, but that's par for the course with Krugman.
Can't you just picture a scene in the movie "Idiocracy" where President Camacho fires his automatic rifle into the sky and announces "I have a new plan that's going to fix everything! We're going to mint up some $1 trillion coins and that's going to fix EVERYTHING!" Read More >>
Why Obama is Pushing Republicans Over the Fiscal Cliff
Ever since passage of the Budget Control Act of 2011, most people have assumed that, eventually, some sort of deal would get done. Both sides have something to lose, the thinking went, so both sides will eventually compromise to spare the country from going over the fiscal cliff.
And everyone also assumed that, while the outcome of the election would tilt the balance of power, still both sides had something to lose, so a deal would get done.
And that makes sense, if you assume both sides have something to lose.
But what if, even before the election, one side thought it did NOT have much to lose? What if, in fact, one side thought it had almost nothing to lose and much to gain, and the outcome of the election simply confirmed this calculation? What then? Read More >>
Those tax increases for spending cuts Jeb Bush advocates? His dad says it was a mistake
The Hollande disaster begins
You get what you elect, whether you're New York City electing a nanny and a scold for a mayor, or whether you're France, electing a Socialist instead of making necessary reforms to an already bloated government sector that promises greater benefits than the productive sector can possibly subsidize.
So the Hollande disaster is beginning for France. Today, Hollande decreed that they would LOWER the retirement age, from 62 down to 60.
“We committed to put this measure in place quickly for social justice for those who started working early,” said Social Affairs Minister Marisol Touraine.
The reforms will cost the state billions of euros a year but can be afforded through higher worker and employer contributions, according to the government.
Easy to balance the federal budget
Tonight I'm going to be giving a talk about how it's actually easy to balance the federal budget. In fact, it's easy to balance it in 5 years.
Does that surprise you? You don't exactly hear that in the media, do you?
Did you know that if we simply cut federal spending by 1 percent a year, in the fifth year of doing so the federal budget would be balanced, and federal spending would be about 18% of GDP, which is a hair below the historical average since World War II?Read More >>
So Romney's a Keynesian. Is that a Problem?
No Budget, No Pay? How About "No Budget, No Job?"
It has been 1114 days since Congress’ failure to pass a budget, and a bipartisan group of lawmakers says this time, if they can’t accomplish their most fundamental of obligations, it’s literally time to pay. Read More >>
|Total Records: 12|