Khmalye Memo

I've heard a lot about this supposed dichotomy between takers and payers in the United States, usually with an implicit or explicit assumption about how the "two halves" vote. But I haven't seen any reference to data that suggests in detail whether it's in fact true that the recipients of federal tax largess principally vote for Democrats. I suspect it isn't, especially if you include all federal spending and not just entitlements. Reliably Republican enclaves such as Wyoming, South Carolina, Alaska, Texas etc. are among the largest per capita recipients of federal money; if people were truly voting in favor of the spigot faced their way, you might expect to see them turn away from those making the most noise about radically slashing the budget. Here's a great graphic about voting and spending patterns, with federal spending aggregated:  If you exclude all non-entitlement spending, I'm still not convinced (due to the complete lack of compelling...

The Wall Street Journal published an editorial today dreading what it called the "Obama Downgrade", referring to risk that the United States might lose the AAA credit rating on its debt. As always, it's the hypocrisy and blatant partisan angling that bothers me about such articles. A fair article would share blame for out of control spending between all of the last 4 presidents; each has contributed to the growth of entitlement spending which now threatens to overwhelm the budget. More particularly, policies of the Bush administration and the Republican Party (which controlled all of government for a large part of both Bush terms) exacerbated the debt and deficit problems of the nation in dramatic ways. This is nicely demonstrated by the chart the WSJ provides for its editorial, although you won't see it framed in quite this way. The 10-year cost of the GOP-passed Medicare Part D act? $1 trillion. The 10 year cost of the "Obamacare" act? $1 trillion. T...