From The WSJ, US Rep. Paul Ryan (WI) rolls out his budget and tax plan.
At The Washington Post, Chris Cillizza suggests the Ryan budget is bad politics for the GOP. In The WSJ, Stephen Moore calls the Ryan plan a gamble:
What is sure to be controversial in the plan are the cuts to sensitive entitlement programs. This budget saves on Medicare through "premium supports," which allow seniors to go out and purchase health insurance in the market, or stick with traditional Medicare, but at a lesser price. This is the plan co-authored by Democratic Sen. Ron Wyden of Oregon and Mr. Ryan. The House plan would also block grant all federal welfare entitlements to the states. And one of the biggest savings comes from repealing ObamaCare spending and mandates.
In The NYT, Bruce Bartlett recounts (ruefully) Jude Wanniski’s continued influence on Republican fiscal policy. At The WSJ, Mary Anastasia O’Grady suggests the President may be damaged by the Misery Index. On Forbes, Ralph Benko applauds the coalition pushing the National Debt Relief Amendment, to require a majority of states to endorse federal debt limit increases:
From TGSN, Benko highlights the debt bomb pending when interest rates rise. On The Kudlow Report, Sen. Jim DeMint (SC) discusses Republican efforts to help small business:
From Alhambra Partners, Joe Calhoun analyzes Greg Smith’s Goldman Sachs critique. On his blog, Scott Grannis suggests companies still have lots of cash on hand. At The Daily Beast, Zachary Karabell defends China’s trade practices.
From Forbes, Charles Kadlec explains the falling dollar’s impact on commodity prices.
At NRO, Larry Kudlow argues a stronger dollar would cut the oil price.
On The WSJ, Daniel Yergin suggests current high gas prices are caused by foreign tension and tight supply:
From the archive, Jude Wanniski notes Yergin’s failure to understand the dollar’s impact on oil prices:
When I wrote the energy editorials for the WSJournal between 1974 and 1978, Yergin, just out of school, began his career as a Harvard energy expert by taking up the Malthusian cry that the world was running out of liquid petroleum and natural gas. He didn't know what he was talking about then, and he is no better now, permanently fixed in a drop of liquid amber as an energy pessimist. My optimism rests on my early schooling in geophysics, at UCLA, prior to a segue into political science and journalism. That is why the WSJ editorial page from 1974 to 1978 was arguing that there was no energy problem — that the oil crisis had occurred because Richard Nixon took us off the gold standard in 1971 ~ which led Canadian economist Robert Mundell to predict there would soon be a dramatic increase in the price of oil, and thence all other commodities. Supply-side economics was born out of the "energy crisis."
At Forbes, Peter Ferrara advocates faster growth to raise living standards.
In The NY Post, Dan Mitchell notes the Obama recovery’s slow pace.
From Forbes, John Tamny rebuts Greg Smith’s attack on Goldman Sachs.
In The NY Sun, Ira Stoll reports a union leader moving out of New York City to avoid high taxes.
At The American, James Pethokoukis features a graphic that summarizes what’s wrong with US healthcare.
In The WSJ, Stephen Moore highlights the recall effort against Wisconsin Gov. Scott Walker.
On The Kudlow Report, Moore discusses the US corporate tax rate:
The Boston Globeprofiles anti-tax advocate Grover Norquist.
The Florida Times-Unionreports local drug dealers using Tide detergent as currency.
In The NYT, Christina Romer argues marginal tax rates have limited impact on economic growth.
