…provisions on December 31, 2010. See Orszag, One Nation, Two Deficits, NY Times, Sept. 6, 2010. Orszag’s idea is to pass a new temporary bill sunsetting the laws in 2012,…

…until about 2014. The slow growth means lower revenues, though the CBO expects revenues to begin to recover in 2010–with a total of $2.1 trillion or 14.6% of GDP. But…

lifted from comments from anne at Economistview: Share of Gross Domestic Product of Federal Government, Defense and Nondefense Spending, 2000-2009 January 15, 2010 Percent of GDP of Defense Spending 2000…

…in an Abacus CDO deal, acknowledging that its materials were “incomplete”. See Chan & Story, Goldman Pays $550 Million to Settle Fraud Case, NY Times (July 15, 2010). Goldman sold…

…end of 2010. Back when the GOP controlled Congress passed the series of Bush tax cuts, they knew that they were creating a whopping deficit but said that deficits don’t…

…Enrich, Banks Gain in Rules Debate: Regulators Seen Diluting Strictest New ‘Basel’ Curbs; Credit Crunch Fears Remain, Wall St. Journal, July 15, 2010, at A1. Query whether we have learned…

…55 basis points since May 2 2010 (as of June 12, 2010). But the trend has been broad-based, hitting even “sticky” UK inflation expectations. The chart illustrates the same 10-yr…

…22, 2010; Cf Berlin approves bank levy plan to fund future bailouts, Deutsche Welle, Mar. 31, 2010. The tax in the UK (which is also increasing its capital gains tax)…

…industry payroll. Manufacturing weekly hours, 41.5 hours per week in May 2010, recovered 5% off the low of 39.4 hours in March 2009. Furthermore, May 2010 set a ten year…

…above represent the average monthly Y/Y growth rate spanning the period May 2009 to March 2010. All of this data can be downloaded from Eurostat, EU27 Trade since 1995 by…