Gerry Canavan

the smartest kid on earth

Posts Tagged ‘Neil Cavuto

Tuesday Afternoon!

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* If only! Newt Gingrich, currently riding a cresting wave of fake Twitter followers all the way to the White House, declares the Obama administration the “Paul Krugman presidency.”

* How bad is the debt deal? Really bad.

The Obama-GOP plan cuts $917 billion in government spending over the next decade. Nearly $570 billion of that would come from what’s called “non-defense discretionary spending.” That’s budget-speak for the pile of money the government invests in the nation’s safety and future—education and job training, air traffic control, health research, border security, physical infrastructure, environmental and consumer protection, child care, nutrition, law enforcement, and more.

The White House’s plan would slash this type of spending nearly in half, from about 3.3 percent of America’s GDP to as low as 1.7 percent, the lowest in nearly half a century, says Ethan Pollack, a senior policy analyst at the left-leaning Economic Policy Institute.

There’s a reason John Boehner is so happy.

* Former Reagan and Bush economist Bruce Bartlett has joined the Canavan caucus and called for the elimination of the debt ceiling.

* BREAKING: Neil Cavuto knows nothing about anything.

CAVUTO: I would welcome a downgrade. I really would. I think it would be the pain from which we have a gain.

STOSSEL: Maybe that would wake people up.

* Internal polls apparently show Wisconsin Democrats retaking the state senate after the recall fightif the debt-ceiling debacle hasn’t blown the mission there as well.

* “If you’re younger than 26, you have never seen a month where the global mean was as cold as the 161 year average,” observes Robert Grumbine. In contrast, “there are no periods as long as even 20 years of continual below reference temperatures.” He finds that the period 1880-1940 seems to best represent a stable long-term average for global temperatures. If that’s the case, then the “last time the global mean was below the climate normal was March, 1976. If you’re 35 or younger, you have never seen a global mean below climate’s real normal.”

* But in good news: Spider-Man takes one giant leap closer to the Donald Glover era.