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$200K Per Job? Geithner Says White House Plan Still Bargain

Treasury Secretary Timothy Geithner is interviewed by ABC News’ David Muir. (ABC News)

From ABC:

Treasury Secretary Timothy Geithner didn’t dispute a Harvard economist’s estimate that each job in the White House’s jobs plan would cost $200,000, but said the pricetag is the wrong way to measure the bill’s worth.

And he also pointed out, in an interview today with ABC News’ David Muir, that there is no [...]

Republican Congressman Paul Ryan confronted by woman furious he was drinking a 350$ bottle of wine on lobbyist’s dime while advocating medicare cuts; shouting ensues.

Rep. Paul Ryan (R-WI), a leading advocate of shrinking entitlement spending and the architect of the plan to privatize Medicare, spent Wednesday evening sipping $350 wine with two like-minded conservative economists at the swanky Capitol Hill eatery Bistro Bis.

It was the same night reports started trickling out about President Obama pressing Congressional leaders to consider changes to Social Security and Medicare in exchange for GOP support for targeted tax increases.

[TPM [...]

Hugh Hendry Shorts China, Betting on 1920s Japan-Like Crash

1) State Pension Funds Headed for Crisis of National Proportion

“Kellogg School of Management professor predicts financial disaster, more bailouts if state pension programs not addressed; proposes solution

EVANSTON, Ill., May 19 /PRNewswire/ — According to new research from the Kellogg School of Management, taxpayers, public workers and state and federal officials alike have cause for serious concern about an issue that often falls under the radar [...]