Just want to pass along this video from The Daily Conversation on the GOP changed a standing rule of the House to prevent the government from opening… This happened on October 1st… Link to video… What is happening to democracy…?
Recent article by AFP cites an IMF report suggesting that countries fighting deficit spending should simply “Tax the Rich” in income more. in its Fiscal Monitor report, subtitled “Taxing Times”, the Fund advanced the idea of taxing the highest-income people and their assets to reinforce the legitimacy of spending cuts and fight against growing income […]
When the New York Times or the Wall Street Journal reports on THE federal budget deficit what number do they use? When OMB gives a top line number for THE deficit what is included or not? In particular is Social Security included? Now some will immediately jump in and say, and perfectly correctly, that Social […]
Hat tip reader rjs and then lifted from The Global Glass Onion from a long list of links pn the default question: Here are a few lifted from the not including ones from the FED: Democrats and Republicans Pedal to the Metal in Debt Ceiling/Shutdown Game of Chicken – Yves Smith – Watching the shutdown/debt […]
Late posted, but still relevant: by Linda Beale The GOP Default Enthusiasts The New York Times has a story today about those in the GOP who don’t think the government of the USA defaulting on its debt for the first time in history is a big deal. Weisman, Many in G,O,P. Offer Theory: Default Wouldn’t […]
Lifted from comments on Conundrum on waste and value in American healthcare deserves a nod. Reader Denis points us to this NYT article: The soaring cost of a simple breath “The arsenal of medicines in the Hayeses’ kitchen helps explain why. Pulmicort, a steroid inhaler, generally retails for over $175 in the United States, while […]
On Breast Cancer and the chose of life over longevity, Maggie Mahar; The Healthbeat Blog Life Over Longevity HealthBeat readers may remember the two-part post that I wrote about Amy Berman back in October of 2011. Part 1 began: “When Amy Berman was diagnosed with Stage IV breast cancer a year ago, she made a […]
A comment by Arne in a previous post raised the idea that a tax transfer from capital to labor would raise the effective demand limit. So a video was made using the dynamic model for the circular flow to test his idea. As it turns out, the model shows that the natural real GDP equilibrium […]
From Uwe E. Reinhardt in the New York Times: When economists speak of the health system as a “high average-value sector,” they have in mind an average such as the distance AB in the chart divided by the distance OB, but with a monetary value – very often $100,000 or more – put upon the […]
Can Demography Explain Portugal’s Growth Slump Before The Crash? The above still comes from a recent Financial Times video entitled “Portugal’s Brain Drain”, which I encourage everyone to watch. The issue being raised revolves around the current acceleration of emigration from countries on the EU periphery, largely towards the EU core. Typically the emigrants are […]