iOS app Android app

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

Jeb Has Fallen Into the Trap. It's Not About What You Know Now, It's About Who You Are

(56) Comments | Posted May 21, 2015 | 2:56 PM

Jeb Bush finally got his answer right. Bowing to the political correctness of the moment, the aspiring President Bush III fell into line and spoke the magic words. If I knew then what I know now, I would not have launched an invasion of Iraq.

It did...

Read Post

Obama Scolding Elizabeth Warren Should Not Deflect Need for Real Debate Over Trade Pact

(4) Comments | Posted May 11, 2015 | 4:39 PM

President Obama is fed up. At long last, he has found an issue where he can move forward in common cause with Republicans in Congress and his own Democrat compatriots won't stand for it. Massachusetts Senator Elizabeth Warren first set the president off by comments claiming that the...

Read Post

Critics of Federal Spending on Cities Should Look to the South

(8) Comments | Posted May 3, 2015 | 3:54 PM

In his piece this week, "Baltimore, a Great Society Failure," National Review editor Rich Lowry presents events in Baltimore as demonstrative of the failure of social programs dating back 50 years to the War on Poverty.

"The city hasn't been 'neglected,'" Lowry asserts. "It has been misgoverned into...

Read Post

Members of Congress Criticizing Clinton Cash Should Look in the Mirror

(59) Comments | Posted April 27, 2015 | 3:18 PM

Sitting with Sean Hannity last week, Kentucky Senator Rand Paul expressed his outrage at money received by Bill and Hillary Clinton over the years and actions that they may have taken as public officials to benefit those who contributed funds. In various guises, the Clintons have been the...

Read Post

How Long Will Democrats Stand By Hillary in Face of Financial Disclosures?

(1459) Comments | Posted April 24, 2015 | 10:15 AM

Hillary Clinton is in, and with her announcement the rest of the Democrats considering running for president in 2016 are out. In a manner reminiscent of the Republican Party of old, Democrats have ceded the nomination to Hillary Clinton. It is not exactly clear why this is the case. She...

Read Post

Sheldon Adelson or James Baker? Who Should Drive GOP Foreign Policy?

(8) Comments | Posted April 21, 2015 | 11:38 AM

It is a trick question: Who should be driving GOP foreign policy, James Baker or Sheldon Adelson?

Perhaps nothing epitomizes the state of affairs in the Republican Party today more than the estrangement of James Baker from the Republican establishment. Nothing because, for what seems like decades, James Baker was...

Read Post

Is ISIS a Religious Group? Of Course It Is.

(109) Comments | Posted February 22, 2015 | 3:10 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...

Read Post

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 | 9:39 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...

Read Post

Finally! A Bipartisan Bill Congress Can Be Proud Of

(25) Comments | Posted December 16, 2014 | 9:31 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...

Read Post

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

(17) Comments | Posted December 8, 2014 | 7:53 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...

Read Post

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

(0) Comments | Posted November 25, 2014 | 7:01 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...

Read Post

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

(37) Comments | Posted October 20, 2014 | 1:53 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...

Read Post

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

(0) Comments | Posted August 2, 2014 | 1:59 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...

Read Post

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

(243) Comments | Posted July 9, 2014 | 8:50 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...

Read Post

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

(6) Comments | Posted June 25, 2014 | 9:10 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...

Read Post

Xi and Putin Playing Dangerous Games to Mask Domestic Problems

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

Read Post

Forget the Spin, Putin Is Holding a Losing Hand

(27) Comments | Posted April 20, 2014 | 9:32 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...

Read Post

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

(196) Comments | Posted April 16, 2014 | 9:09 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...

Read Post

High-Frequency Trading Marks High Water of Financial Corruption

(1) Comments | Posted April 12, 2014 | 7:36 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...

Read Post

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

(4) Comments | Posted April 7, 2014 | 1:12 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,...

Read Post