2014 Long Term Budget Outlook (pdf 64pp) While we are still waiting on the 2014 Social Security Report we do have today the release of CBO’s annual Budget Outlook which among other parts does include a chapter on Social Security. I plan to extract and post some Tables from it but in the meantime people […]
Yup. Definitely the way to go. No doubt about it. Rep. Ellmers has found the key. Out of the mouths of babes. (One babe, anyway.) Good grace. —- PS: Thanks, Ms. Schow. Good job. And thanks, David Weigel. Excellent job.
David Kay Johnston re-frames the story of what happens to your money in this age of tax cuts as the road to prosperity: Why are so many Americans feeling squeezed economically even as the economy expands at an accelerating pace? Last month set a new record for sustained job creation: 52 straight months of added […]
by Dale Coberly REALITY 101 ANOTHER LOOK AT CBO REPORT FOR THOSE FOREVER YOUNG I wrote a post the other day trying to explain what the CBO’s number meant when they said it might be necessary to raise the payroll tax an extra 3.5% to pay for Social Security for the next seventy five years. […]
The New York Times has a wonderful graphic miss-urled How the Year You Were Born Influences Your Politics. Jon Chait points out that this URL (and a tweet) are accurate only if you are white (he doesn’t add that it only works if you are also a US citizen). I think you will enjoy clicking […]
I would like to try to critique Del Negro, Giannoni & Schorfheide (2014) “Inflation in the Great Recession and New Keynesian Models” h/t Brad DeLong. Before the jump I have to say 3 things 1) I have just skimmed the paper. I didn’t work through the equations. 2) I am very hostile to the whole […]
I’m pretty sure the title informed potential readers that this is one post to skip. If anyone was foolish enough to read this far, I must stress that I am not arguing that standard micro founded DSGE models have false implications. I am merely noting that the effort to avoid false implications demonstrates the unseriousness […]
As I have reported before, job piracy is a big problem in metropolitan areas like New York City and Kansas City. Giving subsidies to relocate existing facilities is a net loss for the country and for the region as well. The flip side is that the existence of job piracy makes it possible for companies […]
Stay with me here. Because I am almost serious about this proposal. Or at least it highlights the contradictions (while not Heightening the Contradictions). The Border Crisis: tens of thousands of unaccompanied minors crossing the U.S. border. Social Security ‘Crisis’: per ‘Reformers’ one that is driven by pure demography – too few future workers to […]