While the President's FY2014 budget proposal is anywhere from $100 billion to $300 billion less than what President Obama has previously proposed for the U.S. government to spend in any of his first-term budgets, it still runs a minimum of $475 billion above the President's historically non-credible forecasts for the federal government's revenue collections. 2013-06-02T00:01:00-04:00 2013-06-03T03:45:15Z Political Calculations

2013-06-02T00:01:00-04:00 2013-06-03T03:45:15Z Bruce Bialosky

2013-06-02T00:01:00-04:00 2013-06-03T03:45:15Z Debra J. Saunders

Inflation, deflation, and disinflation are all in the eyes of the beholder, and all depend on the definition. Still I expect another round of deflation possibly with prices but more importantly with credit, my preferred measure of "flation". 2013-06-02T00:01:00-04:00 2013-06-03T03:45:15Z Mike Shedlock

2013-06-02T00:01:00-04:00 2013-06-03T03:45:15Z Derek Hunter

When is big government too big? Some politic answers aren't much help. 2013-06-02T00:00:31-04:00 2013-06-03T03:45:15Z Paul Jacob

Israeli analysts accused Asad of lying about the delivery of S-300 missiles. Unnamed US officials said there was no evidence of a recent missile delivery. If they show up, some intelligence services are going to be embarrassed. 2013-06-01T00:01:00-04:00 2013-06-03T03:45:15Z Night Watch

How far down the redistribution of wealth path have we traveled? And, how near is the day of reckoning? Yet for all of the fiscal cliff, debt ceiling, and financial Armageddon deadline negotiations that come and go, there seems zero willingness to address the elephant in the room. 2013-06-01T00:01:00-04:00 2013-06-03T03:45:15Z Bob Beauprez

The Elysee Palace sold off a tenth of its wine collection in a Presidential garage sale. Selling presidential wine in a nation that loves its wine might chip away at awful approval ratings, but it speaks more to the stupidity of goals that include squeezing the inequality gap by bringing the top lower, taxing rich people and businesses, and demonizing success. 2013-06-01T00:01:00-04:00 2013-06-03T03:45:15Z Charles Payne

2013-06-01T00:01:00-04:00 2013-06-03T03:45:15Z Robert Knight

2013-06-01T00:01:00-04:00 2013-06-03T03:45:15Z John Hawkins

I just finished reading The Smith/Klein/Kalecki Theory of Austerity by Paul Krugman and I believe it is the most disingenuous piece he has ever written. 2013-06-01T00:01:00-04:00 2013-06-02T03:45:07Z Mike Shedlock

2013-06-01T00:01:00-04:00 2013-06-02T03:45:07Z Larry Kudlow

2013-06-01T00:01:00-04:00 2013-06-02T03:45:07Z Kathryn Lopez

2013-06-01T00:01:00-04:00 2013-06-02T03:45:07Z Kristan Hawkins

Yep. . . That was actually said by a left wing pundit. Needless to say, Ransom has a different opinion. Also, John Andrews – Leader of the Western Conservative Summit – spoke about the annual conservative conference in the Rocky Mountains this summer. 2013-06-01T00:01:00-04:00 2013-06-02T03:45:07Z Ransom Notes Radio

2013-06-01T00:01:00-04:00 2013-06-02T03:45:07Z Brian and Garrett Fahy

2013-06-01T00:01:00-04:00 2013-06-02T03:45:07Z Kevin Williams

For those people that view the U.S. stock market as an entity totally devoid of a relationship with economic reality, then I suppose “correction” is indeed the appropriate word. Whether it’s a 5% or 10% correction, it always affords the unsuspecting investor an opportunity to join the party, which is more than likely what they’ve been missing. 2013-06-01T00:01:00-04:00 2013-06-02T03:45:07Z Bill Tatro

This week's revisions to first quarter GDP revealed that consumer confidence and spending are up despite real discretionary per capita incomes plunging at a 9.03% annualized rate. That is worse than the largest plunge during the 2008-2009 crisis (7.52%). 2013-06-01T00:01:00-04:00 2013-06-02T03:45:07Z Peter Schiff