Federal revenues ($3.02 trillion) for fiscal year 2014 are above estimates and have set a new record. Another record: $4 billion spent in the 2014 midterms. Question: are there no limits to how much one might spend to earn the right to spend?
Republicans support entitlement reform, unless they don’t (which is the case as elections approach). Yet, there is hope for bipartisanship on one Social Security reform.
The return of the master? Not Keynes, but Alvin Hansen and secular stagnation, or at least that is one fear.
There is now Ebola in New York. Even though the number of cases of Ebola contracted in the US still lags behind the number of men who have married Kim Kardashian.
Rand Paul makes a major foreign policy speech on “conservative realism.” The text is here.
PILEUS 