More on (moron) the last 5 years

1. More

My last post was on the feds blowing out spending since 2007.
But good news... tax receipts are down as well.

This is a topic of great interest, and one that is penetrating my media bubble with great frequency:

• Goofus: nytimes - The case for higher taxes: In this article, a fancy econ prof from Princeton (oh my!) very studiously explains the narrative: The W tax cuts of 2001 and 2003 are the problem. Alas, this is not true. Fed tax revenues in 2000 were $2T. Fed tax revenues in 2007 were $2.6T. That's a 30% increase in 8 years. The REAL problem: Fed spending rose 52% in the same time period.
• Gallant: The US fiscal solution - Follow Canada's lead: This is a quality PDF report on Canada's solution to government deficits. Canada faced something like our debt/spending dilemma nearly 20 years ago.

2. Bad Bill

I'm usually good here on the blog. Really, I am. I think.
So, please give me a pass on this gratuitous (and fun) shot.

QOTD

"Netanyahu's deadly, devastating speech to Congress in which he eviscerated President Obama's foreign policy to prolonged and repeated standing ovations by members of both parties—may have been the single most stunning and effective public rebuke to an American President a foreign leader has ever delivered.

Netanyahu beat Obama like a red-headed stepchild; he played him like a fiddle; he pounded him like a big brass drum. The Prime Minister of Israel danced rings around his arrogant, professorial opponent. It was like watching the Harlem Globetrotters go up against the junior squad from Miss Porter's School; like watching Harvard play Texas A&M, like watching Bambi meet Godzilla—or Bill Clinton run against Bob Dole."
- Walter Russell Mead, wsj link

Way over the top. Sorry about that one. He he.

I heart Israel: the spirit, the freedom, the effort and achievement.
Bibi sitting next to Obama: an incredible contrast.
yow, bill

PS - Evernote. Evernote?
Email me if you use this, eh. I'm curious.
www.evernote.com/about/download/mac.php

PPS - Quick. This is some worthy Radiohead shit... and it's free free free:

1. Radiohead's 20 Best Cover Songs
2. OKX: A Tribute to OK Computer