Budget

Eduardo Porter writes in a New York Times column this morning that “a universal basic income will not solve poverty” — a claim that strikes me as mostly right but mostly beside the point…

Following up on Daniel’s post, let me add one point to his account of the effect of the “PAYGO” rule. (I’m not yelling, it’s supposed to be in all caps…) In Daniel’s longer treatment of the issues, he explains how political incentives tend to favor…