During his tenure as a South Carolina Senator, Republican Jim Demint was a big supporter of the nonpartisan Congressional Budget Office (CBO). In the fall of 2009, he cosponsored a bill requiring the budgetary impact of all legislation to be "scored" by the CBO at least 72 hours before its consideration on the Senate floor […]

Like "whorehouse morals," the term "celebrity historian" is one of those oxymoronic expressions that should be viewed with instant distrust. So it is with Niall Ferguson, the Harvard professor and fellow at Oxford and Stanford's Hoover Institute. Long a fixture on American television screens (including on taxpayer-funded PBS), the hyper-partisan Ferguson has among other things […]

Almost everything you need to know about the self-destructive economic policy coming out of Congress was contained in two simple statements this week. While the Federal Reserve warned that "fiscal policy is restraining economic growth," the Republican National Committee released an ad crowing that "the sequester is here to stay." Judging by the April jobs […]

This week, the New England Journal of Medicine published a major study of Medicaid in Oregon which has rapidly emerged of a Rorschach test of sorts. That is, partisans on either side of the political divide tend to see what they want to see in its results. While conservatives claim Medicaid expansion has been debunked […]

"Reality," Stephen Colbert famously lamented to President Bush in 2006, "has a well-known liberal bias." It is conservatives' perpetual fear that the truth will not set them free that is the driving force behind two House Republican proposals announced this week. For starters, Lamar Smith (R-TX), the GOP chairman of the House Science, Space and […]

If you had any doubts that Republicans believe in government stimulus spending to create jobs, look no further than the Pentagon budget. Two years after House Speaker John Boehner sought $450 million in funding for a second F-35 jet engine that the Defense Secretary and Presidents Bush and Obama opposed, Ohio Senator Rob Portman and […]

This week, the Republican Party asked Americans to join in the celebration marking the opening of the George W. Bush Presidential Library. In addition to offering "Thanks W" stickers (fittingly available only in black and white), visitors to the GOP.com web site can sign an e-card thanking President Bush "for his hard work and dedication […]

Friday's news that U.S. gross domestic product grew by only 2.5 percent came as a disappointment. After all, that performance not only fell short of the consensus expectation of three percent GDP growth, but was aided by a one-time bump for inventory expansion deferred from the last quarter of 2012. And while the strengthening housing […]

In the run-up to today's celebration at the George W. Bush Presidential Library, America's 43rd President declared that "history will ultimately judge" his tenure in the White House. And that is precisely the problem for the custodians of Bush's legacy. After all, the slaughter of 3,000 people on 9/11, the catastrophic and unnecessary war in […]

Thanks to graduate student Thomas Herndon, economists Kenneth Rogoff and Carmen Reinhart are now the stuff of pop culture legend. (Even Stephen Colbert is getting in on the act.) But the epic failure of their Excel spreadsheets is no laughing matter. In the United States and across Europe, austerity advocates have seized on their dubious […]