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Another budget constraint

Shadowstats has announced this tidbit. The Department of Commerce (DOC) has decided to discontinue its economic indicators service Economic indicators due to ‘budgetary constraints’. Shadow Government Statistics is pleased to…

Fixing the Fiscal Nightmare

I’d like to get back to a problem that I was writing about last week: the possibility of using a value-added tax (VAT) to fix the “on-budget” federal budget deficit….

Democrats See the Glass as Half Full

…that Mr. Nugent learned his rightwing bastardization of Keynesian economics from a comedian: economists admit that a budget deficit acts as a stimulus to economic growth and that a budget

Greenspan on the Current Account Deficit

…a perfect chance for Greenspan to talk about the dangers inherent in the large and sustained structural budget deficit in the US. While it is true that reducing the budget

IRS Budget: Penny-Wise, Pound Foolish

…enforce section 482, which is something President Bush wishes to address. Rather than bash the Administration, let’s support his efforts to convince the House GOP leadership to provide more funding…

Those Wacky Liberals at The Economist (and they’re anonymous!) On Bush’s budget: “George Bush presented Congress with a $2.4 trillion budget for the next. Think of it as a campaign…

Calculating the Cause of the Budget Deficit You can check out a thorough decomposition of the causes of the US budget deficit at The American Street. The punchline: the state…

…Bush, Federal Spending has skyrocketed. It was $1.86 trillion under Clinton’s last budget but 2.01 trillion under Bush’s first budget. Under Bush’s third budget (authored with a Republican House, Republican…