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

Reading List for the Serious Student of Social Security

by Bruce Webb Want to make the move from wanking to wonking on Social Security finance and policy? Consider the following list. First read an Annual Report, you don’t need to understand every number but you do need some grounding in the terms and concepts. 2010 Trustees Report Then fill out your knowledge with this […]

What caused the Budget Deficit (Before the Financial Crisis)?

by Linda Bealecrossposted with Ataxingmatter What caused the Budget Deficit (Before the Financial Crisis)? Kash on Angry Bear put together a really good graph in 2006 comparing where we might have been if Clinton policies (bad as they were in many cases) had stayed in place compared to where we were and expected to be […]

Ending Stimulus and the Shape of the Recovery

by Tom Bozzo Brad DeLong observes that the FY2011 budget features “big, very big” tightening on the revenue and spending sides (2.5% of GDP “from 2010 to 2011”) for the prevailing labor market conditions. DeLong wants his “morning in America” (don’t we all?), and is understandably alarmed at the pessimistic forecast of the rate of […]

Obama’s FY 2011 Budget

by Linda Beale Obama’s FY 2011 Budget The Obama Administration released its FY2011 Budget proposals today which assumes a substantial amount of tax cuts (making the 2001-2003 Bush cuts permanent for most Americans costs about $3.75 trillion over ten years) and some tax increases to cover important programs (about $1.9 trillion), resulting in a substantial […]