Ben Bernanke and the deficit dodos
There he goes again. The Fed Chairman has a ready knack for talking out of both sides of his mouth. First, he warns Congress of the need to prevent the economy from falling off a “fiscal cliff” at...
View ArticleGet ready for another round of deficit hysteria
Warren Harding once said, “I have no trouble with my enemies. I can take care of my enemies in a fight. But my friends, my goddamned friends, they’re the ones who keep me walking the floor at nights! “...
View ArticleMitt gets his numbers wrong
Mitt Romney’s “off-the-cuff” remarks which were widely reported last week to the effect that nearly half of Americans are “dependent” on government and believe they are “victims” who are “entitled to...
View ArticleWho to root for? (In praise of budget deficits, part 100)
From the Guardian (http://www.guardian.co.uk/world/2013/jan/10/jack-lew-treasury-nomination-opposition} ‘[Senator Jeff] Sessions appeared to dash hopes of an easy nomination process. “Jack Lew must...
View ArticleFiscal Deficit Fetishism
What’s the most important problem facing the US today? Global warming? Rising tensions in the Middle East? Political dysfunction in Congress? No, none of the above. Apparently, it’s the deficit,...
View ArticleWho’s afraid of the big, bad deficit wolf? Not China.
China plans to raise its budget deficit by 50 percent this year as the central government cuts taxes and boosts measures to support consumer demand in the world’s second-biggest economy, reports...
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