Luskin’s latest tirade nitpicks at the wording of something Paul Krugman said. OK, that’s nothing new but let’s take a look at his first substantive comment in the tirade: But Krugman continues to whine: “Revenue remains lower, and the federal budget deeper in deficit, than anyone expected a few years ago.” Anyone? That just can’t […]
Drs. Joseph E. Stiglitz and Linda Bilmes presented a new analysis of the cost of the Iraq war on Sunday at the American Economic Association meeting in Boston. Their analysis shows the total costs will probably exceeds $2 Trillion. The Boston Globe reports: The cost of the Iraq war could top $2 trillion after factoring […]
I used to enjoy the civility of Congressman J. C. Watts even when he tried to give the GOP credit for the reduction in the Federal deficit during the 1990’s – and in the same breath advocated tax cuts and more defense spending: We balanced our budget in a time of peace, proven that we […]
Treas. Sec. Snow was fielding a few questions from what appeared to be a Bush friendly audience. Beyond his insistence that tax cuts are a prerequisite for continued growth and his claim that this Administration is fiscally responsible, take a look at his response to a very good question from Jeff Burrows (hat tip to […]
Kash decides to be the first to post on AB’s new Hook ‘em Horns color scheme – so it’s time for California Angrybear to stop whining about USC’s loss and start whining about the weak labor market. Let me provide another snippet from the BLS report: The employment-population ratio held at 62.8 percent in December, […]
I’ve been traveling and spending time with family lately, so I apologize for the lack of recent posts. Next week I’ll be back in action. In the mean time, I couldn’t help but notice that the US economy continues to disappoint when it comes to the creation of new private-sector jobs. From this morning’s BLS […]
Wow! What a game! And what a game from Vince Young! AB
Via Brad Setser comes U.S. AND GLOBAL IMBALANCES: CAN DARK MATTER PREVENT A BIG BANG? by Ricardo Hausmann and Federico Sturzenegger: The Bureau of Economic Analysis (BEA) indicates that in 1980 the US had about 365 billion dollars of net foreign assets (that is the difference between the foreign assets owned abroad and the local […]
Via Matthew Yglesias comes this AEI op-ed: While there are many and very real short-term risks to the Chinese economic miracle, the more fundamental reason why the US need not fear a long-run economic challenge from China lies in the disparate productivity performance between the two economies. China’s recent rapid growth has not been the […]
Via Duncan Black comes a story from Reuters as to how Arnold Schwarzenegger is another “big government conservative”: SAN FRANCISCO (Reuters) – California Gov. Arnold Schwarzenegger plans to ask for an infrastructure bond issue of $25 billion to $27 billion, the Los Angeles Times reported on Thursday, quoting administration sources. The celebrity Republican has already […]