Relevant and even prescient commentary on news, politics and the economy.

More Following the Money

by Bruce Webb (h/t Susan G at dKos.) David Waldman aka KagroX has put together at Congress Matters what he calls aTreasure trove of tools we need to understand the budget process. It’s pretty impressive, if you want the full span of Congressional budget materials you have it right here. Heck even Movie Guy would […]

Follow the money

rdan Stimulus Watch is a site to review state by state appropriations for projects. (hat tip Ken) One site that provides a look at both budget and stimulus appropriations by category, and when details were included in the budget they were accounted for. I have not been thorough in my look but it looked to […]

Keeping up is hard work

rdan Does anyone have advice on how to keep up with President Obama’s full court press on a broad front of issues? I have no memory of any President getting so much dealt with in so short of time…both the economy and Iraq/Afghanistan, as well as the energy and health care dilemmas he faces.

This Makes More Sense–or Does It?

Dr. Black (you know the site) links to AIG Strike Three. And unlike the Citi debacle previously discussed (relatively) positively and rather negatively here, this one makes some form of sense. The difference comes down to the meaning of an accounting concept: ongoing concern. More below the break (yes, this might get wonkish. It’s me, […]

More on Romer and Romer 2007

Robert Waldmann Brad DeLong has a question. He is impressed by Christine Romer’s latest speech but he doesn’t believe the huge estimate (on the order of 3) of the tax cut multiplier in Romer and Romer 2007 (warning pdf). He suspects that they left something out. I agree that the evidence for large multipliers (on […]

We love people too

rdan RL says last night: Let me tell you who we conservatives are: We love people. [Applause] When we look out over the United States of America, when we are anywhere, when we see a group of people, such as this or anywhere, we see Americans. We see human beings. We don’t see groups. We […]

Shareholders and risk

rdan Paul Kagan asks this question: You won’t find the names of many of these funds in the published lists of banks’ largest investors, because they’re hidden behind the names of the money management firms they retain to make the actual investment and trading decisions. If nationalization destroys the common stock (and possibly preferred shares) […]

Warren Buffet’s annual letter to shareholders

Reader Donald sends us this note on Warren Buffet’s wisdom: I’ve just finished reading through Warren Buffet’s annual letter to Berkshire-Hathaway shareholders I’ve extracted some general interest stuff below: … “This debilitating spiral has spurred our government to take massive action. In poker terms, the Treasury and the Fed have gone “all in.” Economic medicine […]

Tax Exempt Hospitals

cross posted from ataxingmatter Linda Beale Tax Exempt Hospitals–the American Hospital Association response to the IRS study Last week, I reported on the government study of tax exempt hospitals, which looked at community benefit and executive compensation, and asked whether hospitals merit tax exempt status, at this link. The conclusions on community benefit were not […]

Social Security and the Debt Clock (why I get headaches sometimes)

by Bruce Webb The Treasury Department maintains a handy web application called Debt to the Penny. As the name suggests it will give you total Public Debt to the penny for specific dates in the past or for a range of dates. It is this total Public Debt figure that is generally cited in news […]