Some of the recommendations as outlined by TPM from the Pres. Obama’s Bowles and Simpson fiscal commission: Social Security cuts: Index the retirement age to longevity — i.e., increase the…

Fiscal Responsibility Summit Attendees: (noted without comment. Except for those of us who follow Social Security-Dean Baker made the cut) ADMINISTRATION Secretary of the Treasury, Tim Geithner Secretary of Transportation,…

by Joseph Joyce Greece’s Missing Drivers of Growth Analyses and discussions of Greece’s economic situation usually begin—and often end—with its fiscal policy. The policies mandated by the “troika” of the…

by Rebecca Wilder Which Economy Is Pursuing Procyclical Fiscal Policy? Today the BLS reported that the US unemployment rate dropped to 8.3% in January 2012. This is the lowest measured…

…obtained relevant documentation. … From fiscal year 2007 through fiscal year 2010, DOD activities for the treatment and research of PH and TBI received more than $2.7 billion. In fiscal…

…instrument of choice to control inflation and inflation expectation, while fiscal policy should be oriented towards medium-term goals. Fiscal policy has a role to play in countries that overheat relative…

…Style Calling high unemployment the “new normal” is a lazy way to cover up poor fiscal policy. We are now starting to see the economic impact of the ‘new normal’…

…year 2000? (a figure virtually identical to current estimates…oops…2010) Hat tip Simon Johnson in It’s hard to take the fiscal hawks seriously. Perhaps if we dismiss the current hawks we…

…fiscal sustainability. As it turns out, pursuing fiscal sustainability as it is currently defined will in all likelihood just lead many nations to further private sector debt destabilization. To put…

…is after the jump. My sense is that Fama and Cochrane et al responded to the suggestion of a fiscal stimulus with excessive haste and confidence, because they thought it…