Relevant and even prescient commentary on news, politics and the economy.

History Lesson – Deficits as a % of GDP, Tax Rates

Reader Matthew McOsker writes more on the deficit: History Lesson – Deficits as a % of GDP, Tax Rates DISCLAIMER: This is not a defense of Bush II. Just the facts on the deficit, and a further discussion of sectoral balances and some tax rate info. Let’s look at some history, because the belief is […]

It’s not structural unemployment, it’s the corporate saving glut

Mark Thoma rightly points out the hypocrisy of the deficit hawks’ intent to cut spending while approving military spending in the same sentence. Ryan Avent furthers the dicussion by stating that Washington has used the ‘dire fiscal’ rhetoric to sell short-term cuts that were unwarranted, given that the fiscal problems are structural in nature. Me, […]