CoRev lengthy post announces seriousness of the national debt, need to cut federal spending on domestic programs (while not mentioning defense spending or the option of tax increases as part of the solution) in three … two … one …
Many aspects of the American ecoomy changed in deep and fundamental ways circa 1980.
I like to blame Reagonomics for everything bad that has happened since, but – quite without holding St Ronnie blameless – there is more to it than that, if for no other reason than some things started to shift even before 1980.
Were the post war years up through ’80(-ish) a golden age, has the time since been the great stagnation, or both?
Anyway to have the comments come up with the first comment at the top and scrolling down to later ones yet keep the embedded ones? Basically reverse of the way it does now with the newest on top.
CoRev lengthy post announces seriousness of the national debt, need to cut federal spending on domestic programs (while not mentioning defense spending or the option of tax increases as part of the solution) in three … two … one …
Many aspects of the American ecoomy changed in deep and fundamental ways circa 1980.
I like to blame Reagonomics for everything bad that has happened since, but – quite without holding St Ronnie blameless – there is more to it than that, if for no other reason than some things started to shift even before 1980.
Were the post war years up through ’80(-ish) a golden age, has the time since been the great stagnation, or both?
Some examples:
Wealth distribution
http://lanekenworthy.net/2011/01/31/the-great-decoupling/
Inflation
http://www.asymptosis.com/what-caused-the-great-inflation-65-83.html
Finance
http://www.asymptosis.com/who-prints-money-and-who-gets-to-have-it-its-up-to-the-banks.html
Infaltion again
http://krugman.blogs.nytimes.com/2011/02/01/the-un-cola-era/
Productivity
http://krugman.blogs.nytimes.com/2011/01/28/the-wal-mart-decade/
Government Spending
http://jazzbumpa.blogspot.com/2011/01/government-spending-and-great.html
Cheers!
JzB
Pre-emptively, then;
Bush owns the current budget problems.
http://jazzbumpa.blogspot.com/2010/07/bush-owns-deficit-stimulus-spending-is.html
Deficits are laregely due to a very short list of factors.
Star wars.
Bush Wars.
Bush Tax Cuts.
Economic downturn.
http://jazzbumpa.blogspot.com/2010/12/history-of-federal-deficits.html
Cheers!
JzB
Joel, now that’s funny!
And a great chance for us to laugh together.
JzB
rdan,
Anyway to have the comments come up with the first comment at the top and scrolling down to later ones yet keep the embedded ones? Basically reverse of the way it does now with the newest on top.
BTW, the site loads much faster these days…
I am working on it….echo pro went to $100 a month from our courtesy subscription, so this is echo live. I don’t care for it either.