Tax levels cheat sheet

Here is your tax levels cheat sheet.

• Over the past 50 years federal taxes have averaged 18% of GDP.
• Governor Romney proposes taxes “between 18 and 19 percent” of GDP.
• The House-passed (“Ryan”) budget proposes…

The campaign politics of the Ryan budget

Congratulations to Governor Romney for his superb choice of Rep. Paul Ryan as his VP candidate. I propose increasing the number of vice presidential debates from the one currently planned for October 11th.

What if it’s a status quo election?

I agree with President Obama that this election is shaping up to be a choice between two conflicting economic visions. What happens, though, if the election results in a stalemate between those visions? What happens to economic policy if President Obama is reelected…