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David Paul
David Paul (Yale BA 1977; Wharton MBA 1982; Penn Ed.D. 2004) is the President of the Fiscal Strategies Group, a financial advisory firm specializing in municipal and project finance. Previously he was a Managing Director of Public Financial Management, Inc., Vice Provost of Drexel University, and the co-founder of, an e-learning company.

David Paul has worked for twenty-five years as a financial advisor to state and local governments on infrastructure and project financing, was well as on addressing issues of fiscal distress, and in international project finance as a member of the Hong Kong Shanghai Bank Group. His clients have included state governments such as New Mexico, Virginia, New Jersey and Florida, clients in the US Virgin Islands, higher educational clients across the country, and unique project finance clients such as Spaceport America. He works regularly with legislative bodies with respect to budget and financial matters, and has worked on several political campaigns.

David Paul is a member of the Board Trustees of Cumberland University, and has served on the boards of several educational organizations. He is the author of When the Pot Boils: The decline and turnaround of Drexel University (SUNY Press, 2008), as well as of the screenplay Breakpoint (1997). He has published online commentaries for several years at

Entries by David Paul

Is ISIS a Religious Group? Of Course It Is.

(108) Comments | Posted February 22, 2015 | 4:10 PM

This week, the White House held a Summit on Combating Violent Extremism. Walking through the Albuquerque airport on the day of the Summit, I was surprised to see a TV headline ask the question, "Is ISIS a religious group?" It is an absurd question, and one that, despite his comments...

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We Have Seen This Movie Before: Tom Brady May or May Not be Guilty, But His Life Will Never be the Same

(6) Comments | Posted January 27, 2015 | 10:39 AM

Here is all we know. During the AFC Championship Game between the New England Patriot and the Indianapolis Colts, NFL officials measured the game balls used by the Patriots and found that they were below the 12.5 to 13.5 psi range that is required under league rules. That is about...

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Finally! A Bipartisan Bill Congress Can Be Proud Of

(25) Comments | Posted December 16, 2014 | 10:31 AM

Jonathan Gruber, the MIT economist and Obamacare guru, apologized last week for his "mean and insulting comments." Set aside the irony of having to apologize for mean and insulting comments to Congressman Darrell Issa, for whom mean and insulting comments are standard fare, Gruber beseeched Issa's committee to...

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Rand Paul Is Demanding a Real Debate About Going to War: We Should All Pay Attention

(38) Comments | Posted December 8, 2014 | 8:53 AM

Rand Paul and John McCain are at odds over whether the Senate needs to declare war on ISIS. Paul insists that the Senate has no choice, as under the War Powers Clause of the US Constitution only Congress is empowered to take the country to war. McCain is...

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Why Is ISIS Our Fight if the Front Line States Are Not Committed to It?

(0) Comments | Posted November 25, 2014 | 8:01 AM

The war on ISIS continues to escalate, yet for many Americans it is no clearer exactly why we are there or what we are doing.

ISIS is a frightening phenomenon. As Secretary of State John Kerry commented this week,

ISIL doesn't hide its crimes. ISIL is defined by...

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ISIS, Ukraine, the South China Sea and the End of the Era of American Power

(37) Comments | Posted October 20, 2014 | 2:53 AM

A colleague called me during the run-up to the Iraq war in March 2003. It is going to be unlike anything the world has ever seen. Shock and Awe. The war will be over before it starts. An inside player in the Bush administration, he was in a position to...

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What Part of Hamas Strategy Is so Difficult for John Kerry, Joe Scarborough and Hillary to Understand?

(114) Comments | Posted August 2, 2014 | 2:59 PM

"We have urged them, implored them to use their influence to do whatever they can to get that soldier returned. Absent that, the risk of this continuing to escalate, leading to further loss of life is very high."

So spoke a State Department official regarding John Kerry's calls...

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Dick Cheney Is Yelling Fire and Wonders Why No One Is Listening

(243) Comments | Posted July 9, 2014 | 9:50 AM

"We stand at a critical moment in the life of our nation. The policies of the last six years have left America diminished and weakened. Our enemies no longer fear us. Our allies no longer trust us... Threats to America's security are on the rise."

Dick Cheney is back. He...

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Breaking Up Iraq Could Support Putin's Effort to Annex Eastern Ukraine

(6) Comments | Posted June 25, 2014 | 10:10 AM

Watching Nigeria play Bosnia and Herzegovina in the World Cup last week provided a context for thinking about the Iraq civil war. Over the course of the 20th century, both countries struggled with issues of national sovereignty, governance and inter-ethnic strife. Like Syria and Iraq, Nigeria's modern borders were established...

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Xi and Putin Playing Dangerous Games to Mask Domestic Problems

(1) Comments | Posted May 12, 2014 | 1:59 AM

Nothing garners presidential approval like a good war. For Vladimir Putin, the Ukraine crisis and the annexation of Crimea have been excellent politics. In the most recent Pew Global Attitudes polling, Russian confidence in their President's performance hit 83%, up 14% from when Pew last checked. Dating back...

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Forget the Spin, Putin Is Holding a Losing Hand

(27) Comments | Posted April 20, 2014 | 10:32 PM

According to the Sunday Times, Barack Obama has had it with trying to build a partnership with Vladimir Putin. Like George W. Bush before him, Barack Obama has finally written off Vladimir Putin. There will be no reset of relations. Instead, his administration's focus will be "cutting off...

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Charles Koch Wonders Why People Don't Appreciate Him. Really.

(196) Comments | Posted April 16, 2014 | 10:09 AM

Two weeks ago, Charles Koch returned to the pages of the Wall Street Journal to defend himself. One has to wonder if the Journal was the best choice. After all, readers of the Wall Street Journal are probably not the one's attacking him. They are the choir, so...

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High-Frequency Trading Marks High Water of Financial Corruption

(1) Comments | Posted April 12, 2014 | 8:36 PM

When a person or firm makes too much money for too long, it turns heads. And so it was with Steven A. Cohen. Year after year, Cohen's firm, SAC Capital, beat the Street. Big bets, the theory went. Others were not so sure. Big bets generally cut both...

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Where the Tea Party and Occupy Movements See Corruption, John Roberts Sees Gratitude

(4) Comments | Posted April 7, 2014 | 2:12 PM

As Francis Ford Coppola told the story, casino investor Hyman Roth was celebrating his birthday in Havana with his partners in crime when he regaled a skeptical Michael Corleone with his vision of the future that was at hand. "Here we are, protected, free to make our profits without Kefauver,...

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Russia-Georgia War in 2008 Told the West -- and Putin -- What Was Coming

(5) Comments | Posted March 3, 2014 | 1:40 PM

Why, exactly, are we surprised? Up until Russian President Vladimir Putin seized the Crimean peninsula, a large swath of the commentariat seemed to think that such an action in this day and age was unthinkable. Then, when President Obama warned Putin against military intervention, it seemed all but...

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From the Pinnacle of Power, Putin Stands Before the Abyss

(1) Comments | Posted February 24, 2014 | 12:12 PM

Vladimir Putin and I share a special bond. We both grew up believing that the Ukraine was part of Russia. My father's family was Russian, or so the story went. One parent was from the city of Uman, south of Kiev, and the other from the long-disappeared town of Ivangorod.

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Whining About Google Bus Protests Get Us Nowhere

(3) Comments | Posted February 9, 2014 | 11:56 AM

Tom Perkins, co-founder of the iconic venture capital firm Kleiner Perkins Caufield & Byers, caused a stir recently with his Wall Street Journal letter, "Progressive Kristallnacht Coming?" Perkins fears that recent protests over Google buses in San Francisco and growing resentments around income inequality could ultimately...

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China Reforms Do Nothing To Show It Ready For World Leadership

(118) Comments | Posted November 16, 2013 | 6:48 PM

As trumpeted across the media, the four day meeting of the Third Plenum of the 18th Central Committee of the Communist Party has ended, and China's leaders announced that among the decisions were an "easing of" its one-child family policy and the abolition of its "re-education through labor"...

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The NSA Problem Is Our Collective Problem, and It Is Time We Owned Up to It

(4) Comments | Posted November 8, 2013 | 4:04 PM

Twenty years ago, an article entitled Secrecy and Intelligence in a Free Society was written by the Center for the Study of Intelligence that explored the challenges of intelligence and secrecy within a free society. The summation of the CIA document could have been penned this...

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Decline of Saudi Arabian Power Evident in Rejection of UN Seat

(15) Comments | Posted October 24, 2013 | 4:40 PM

There is something oddly satisfying about seeing the Al Sa'ud monarchy of Saudi Arabia throwing an international hissy fit. This story began last week when the Saudi government announced that it was rejecting the seat on the United Nations Security Council. In rejecting the seat -- which it...

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