Recent Blog Posts
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Cybersecurity Czar Steps Down
May 17 20122:41 pm EDT -
House Passes Controversial Cybersecurity Bill With Surprise Vote
Apr 27 201212:09 pm EDT -
Generation Startup Gets SBA Encouragement
Apr 24 20125:25 pm EDT -
Google Spends Big in Washington
Apr 24 201212:30 pm EDT -
Young Entrepreneurs Call for More Congressional Encouragement
Apr 18 20124:06 pm EDT -
A Nation Divided on Taxes
Apr 16 201211:37 am EDT -
Are Intellectual Property and National Security Really Linked?
Apr 13 20124:40 pm EDT -
Netflix Starts PAC
Apr 09 20122:27 pm EDT -
JOBS Act Changes Game for Startups
Apr 05 20124:39 pm EDT -
Investors (and Liberals) Beware! Here Comes JOBS Act
Apr 04 201210:06 am EDT
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A Faux Showdown
Is President Bush really going to have a showdown with Congress over the budget? Maybe. Congress is supposed to pass its appropriations bills by October 1 but so far they've only moved one of them and Bush's OMB Director nominee, Jim Nussle, is echoing the president's pledge to veto bills that go over his spending cap. But the difference between what the Congress is talking and what the President is saying is only $23 billion in discretionary spending, a small percentage of the nearly $1 trillion that's at issue. (The rest is non discretionary spending on things like Social Security.) After not giving a fig about the deficit for so long, and promoting huge expansions in entitlements like the Medicare Prescription drug plan, it's hard to see how Bush can get all sanctimonious about a few billion here and there. The posturing as a born again fiscal conser vative doesn't make sense, unless of course you think politically. Cutting back on spending is one of the few issues that Bush can use to rally his base and begin the long climb back to respectable poll numbers. Indeed, I'm surprised that John McCain won't cool it about Iraq and go back to one of his great standbys--taking on government pork, an issue on which he has credibility and which would play great in New Hampshire. I suspect that in time, he will. Bush is also likely to see the political benefits of a fight.
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