Has anyone else noticed that new OMB Director Jim Nussle is no where to be found?
Think about this. It's the last week of the fiscal year, no fiscal 2008 appropriations have yet been enacted, Congress has to pass an increase in the debt ceiling by next Monday, and Alan Greenspan has been everywhere the past week saying terrible things about the Bush budget and economic plan.
And Jim Nussle hasn't been seen or heard from.
The new season of "Dancing with the Stars" starts tomorow night.
On the one hand, I hate the idea that I'm looking forward to the start of this show. It drives me crazy that I've been taken in by this pseudo-reality (Aren't they all?) program. I take great pride in saying that I've never watched an episode of "Survivor." It also infuriates me that I'm more interested because the contestants are "celebrities."
Bond traders rejoice; you're about to have a lot of product to sell.
The Treasury said last week that the government would reach its borrowing limit by October 1.
I'm just starting to understand why The Daily Show is the most-watched "news" program for college students (and, I hear, Wall Street analysts).
I've gotten more questions the past two weeks from folks on Wall Street about where the Pentagon budget is heading than I've gotten the whole rest of the year. The questions are not about what is happening now or will happen next year, but about military spending starting in 2009.
My answer almost always suprises the callers: Regardless of who is elected president and which party controls Congress, and even if all activities in Iraq and Afghanistan cease, it is very unlikely there will be a large drop in military spending.
