…concern: Courtesy of Hurricane Katrina, a saving-short US economy may be entering a new era of vulnerability. The outlook for US fiscal policy is especially worrisome in this regard. The…

…economic growth, a continued boost to inflation from higher energy prices, and fiscal pressures associated with the fast approaching retirement of the baby-boom generation. The drop in long-term rates is…

…fiscal irresponsibility – did tend to reduce long-term growth per Reagan’s own “save and invest” logic. If Jack Kemp has read the writings of most economists – including those who…

…5 years, and $1 Trillion over the next ten years. I suggest reading the NY Times Editorial, “Washington’s Fiscal Meltdown“, but here is the short version: More tax cuts for…

…fiscal policies of Prime Minister Vladimir Meciar’s government. While economic growth and other fundamentals improved steadily during Meciar’s term, public and private debt and trade deficits soared. Privatization, often tarnished…

…note that total debt relative to GDP was 65.3% at the end of fiscal 2004 and is projected to rise to 67.5% by the end of this fiscal year. By…

…the fiscal crisis? Oh yea – I forget the fourth difference between our current situation versus where we were in 1948 – back then both political parties believed in fiscal…

…budget too. Harvard Political Economist Alberto Alesina has written extensively about divided governments. He argues that divided governments react slowly to unforeseen fiscal “shocks”. “The point is not that fragmentation…

…to sound partisan so let me leave Democrat v. Republican out of this and simply note that the two periods where median real income grew rapidly were periods of fiscal…

…account of the balance of payments, reallocating output away from exports and import substitutes, rather than through investment spending…The tax cuts would embody a shift in the American fiscal regime…