The Chaney Fiscal Theorem, which asserts that Deficits Don't Matter, was the dominant view underlying the tax and budget policies of the nation's governing party for most of this decade.

Harold Myerson comments in today's Washington Post about Circuit City's recent payroll reduction program:

To follow up Dana's post about the NYT's obit for supply-side economics, I want point you to a couple of related posts. First, Kevin Drum @ Washington Monthly: I got to wondering if serious supply-siders got tired of having their entire school of thought made into a laughingstock by today's endless parade of yahoos blathering mindlessly about how tax cuts always and everywhere magically increase revenue. Surely they find such childishness embarrassing?

A just-released study found that a widely implemented, expensive technology to improve mammograms has been a resounding failure. The Chicago Tribune: The study is the latest development in the debate over the usefulness of screening mammograms, which are recommended for all women over 40. Regular mammography has been shown to reduce breast cancer deaths, especially in women older than 50. But the test is imperfect -- it misses up to 20 percent of cancers and often catches things that are not cancer, requiring worrisome and expensive follow-up.