Not Far Enough

I’m wading through the Powerpoint of the deficit-reduction committee. While it doesn’t seem to pull punches on how desperate our fiscal condition has become, I can already see it’s not going far enough. Their goal is to eliminate annual federal deficits in 30 years! They have also set a long-term goal of reducing federal tax revenues to 21 percent of GDP. While that’s much lower than now, we need to get federal, state, and local government spending to below 20 percent if we really want to promote growth, according to the late economist Gerald Scully. Even more radical fiscal surgery will be needed if we really want to get a handle on federal spending.

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U.S.

Fire the FBI Chief

American government is supposed to look and sound like George Washington. What it actually looks and sounds like is Henry Hill from Goodfellas: bad suit, hand out, intoning the eternal mantra: “F*** you, pay me.” American government mostly works by interposition, standing between us, the free people at ... Read More
Film & TV

Black Panther’s Circle of Hype

The Marvel Cinematic Universe (MCU) first infantilizes its audience, then banalizes it, and, finally, controls it through marketing. This commercial strategy, geared toward adolescents of all ages, resembles the Democratic party’s political manipulation of black Americans, targeting that audience through its ... Read More