PoliPundit.com

Geithner to Reassure China U.S. Will Control Deficits

Stanford professor of economics John Taylor, writing in the Financial Times: Exploding debt threatens America.
Under President Barack Obama’s budget plan, the federal debt is exploding. To be precise, it is rising – and will continue to rise – much faster than gross domestic product, a measure of America’s ability to service it. The federal debt [...]

One of the most significant issues in the Sotomayor nomination is the Ricci case, where white firefighters were discriminated against.
You can draw your own conclusions by reading the “unusually terse” appellate opinion (which Sotomayor participated in), and the District Court’s opinion, which it affirmed.

The right side of the blogosphere seems surprisingly positive…

Some very unsettling things have been going on with bonds and such in the last couple of days. This seems to sum it up.
I think Stagflation is coming: High interest rates, high inflation, and high unemployment.

I have no idea how Sonia Sotomayor will rule on abortion. And that’s a credit to her.
From her background, and the few things that have been bandied about, you’d think she was some crazed liberal activist. But she’s really not. Look at her background, and some of the cases she’s decided, and she comes off [...]

Thanks to Angie for sending me this:
With budget deficits soaring and President Obama pushing a trillion-dollar-plus expansion of health coverage, some Washington policymakers are taking a fresh look at a money-making idea long considered politically taboo: a national sales tax.
Common around the world, including in Europe, such a tax — called a value-added tax, or [...]

Remember when?
“I oppose amnesty for illegal aliens.”
Candidate Mel Martinez
Remember when? (Hat tip to the wayback machine because Charlies current site has been cleansed)
“I will not support any new taxes or tax increases; and
I will require that government live within its means.”
Candidate Charlie Crist (2006)
May 28, 2009;
Gov. Crist signs $66.5 billion budget, breaks tax pledge
Yes my [...]

Bloomberg:
The U.S. delinquency rate jumped to a seasonally adjusted 9.12 percent and the share of loans entering foreclosure rose to 1.37 percent, the Mortgage Bankers Association said today. Both figures are the highest in records going back to 1972.
Free rent for deadbeat homeowners. If the banks are going to delay foreclosure for at [...]

The Laffer Curve is alive and well:
Maryland couldn’t balance its budget last year, so the state tried to close the shortfall by fleecing the wealthy. Politicians in Annapolis created a millionaire tax bracket, raising the top marginal income-tax rate to 6.25%. And because cities such as Baltimore and Bethesda also impose income taxes, the state-local [...]

Obama just gave a self-congratulatory speech on the economy in Las Vegas.

Meanwhile, back in reality,

… the bond market is doing its best impression of Kim Jong-Il.

Warning!!!!
Before you read this, make sure food or liquids are out of your mouth, you are sitting, your hands are at your side and there are no small children near by.
Ready?
Former U.S. Solicitor General Ted Olson, who represented George W. Bush in the historic election case, and David Boies, who represented then-Vice President Al Gore, [...]

From a North Korean newspaper editorial:
“It is a laughable delusion for the United States to think that it can get us to kneel with sanctions. We’ve been living under U.S. sanctions for decades, but have firmly safeguarded our ideology and system while moving our achievements forward. The U.S. sanctions policy toward North Korea is like [...]

I just got my Timmy the Tax Cheat stamp in the mail.

It’s a high-quality, professional, self-inking stamp. The idea is to stamp “TAX CHEAT!” in red ink over Timmy the Tax Cheat’s signature on dollar bills (which doesn’t appear to violate the defacement law). I highly recommend it. Buy them now for [...]

The editors at NRO:
Judge Sonia Sotomayor is female, Hispanic, liberal, and mediocre. Conservatives should draw attention to the third adjective while understanding that the first two are likely to be politically decisive during her confirmation hearings.
…
The nominee’s approach to judging is more important than her IQ, and it is on that subject that senators ought [...]