And News and Commentary That Surprisingly, Still Needs Comment
Paul Krugman weighs in on means testing for Medicare as a way to decrease the deficit, and comes up with this observation.
But there’s a further point I haven’t seen emphasized: if you want the well-off to pay more, it’s just better to raise their taxes.
Could it be that simple? Yes it could.
Barry Ritholtz reprises an earlier commentary on the investment outlook, and writes
Even with the Fed out of the picture, investors should not expect any relief from Congress: The legislative body in charge of taxing and spending seems incapable of accomplishing much these days. We are more likely to see counterproductive austerity measures than anything else.
Investors, it looks like you are on your own this time.
Mitt Romney continues to be relatively silent on the critical issue of the day, and in this case no news is news. Mr. Romney seems to be following the advice of President Calvin Coolidge, “I have noticed that nothing I never said ever did me any harm”
The great quantitative political analyst Nate Silver reports on a CNN poll that found
The news for Democrats is not any better. Some 49 percent of voters now hold a negative view of the party, according to the poll.
Some commentators have said that Republican Presidential hopeful Tim Pawlenty is sinking in the polls. This is not true. Mr. Pawlenty was never high enough in the polls to sink. Now campaigning on CNN Mr. Pawlenty said about Mr. Obama
In his defense Mr. Pawlenty noted that Mr. Romney was much bigger in person than he appears on TV.