Tag Archives: defense

CBO Director on Choices for Federal Spending and Taxes

Posted on May 10, 2013 by Michael Morrison

The Director of the Congressional Budget Office, Douglas W. Elmendorf, made a presentation on the Federal Budget to the Harvard Economics 10 class on April 26.  I encourage you to download and read the entire presentation. It’s a clear and concise overview … Continue reading →

Posted in Economy, Government, Income Distribution, Socio-economic Status, Taxes | Tagged , , , , , , , , , , , , | Leave a comment

Total Costs of Iraq and Afghanistan Wars: $4 to $6 Trillion

Posted on March 31, 2013 by Michael Morrison

Via USNews: “The Iraq and Afghanistan wars will together cost $4 to $6 trillion, according a new study from Harvard University’s Kennedy School. A large share of those bills has yet to be paid: the study finds that the U.S. … Continue reading →

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Federal Spending Problems? Follow the Money

Posted on January 8, 2013 by Michael Morrison

There’s little doubt that one of the major problems our society must address is bloated federal spending. (Other blogs have focused on the tax problem.) The spending problem is  usually focused on Medicare, Medicaid and Social Security. Far less attention is … Continue reading →

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CBO: Congressional Inaction Could Cause a Recession in 2013

Posted on August 25, 2012 by Michael Morrison

The non-partisan Congressional Budget Office says the U.S. will sink into another recession if Congress does not avoid a “fiscal cliff” waiting at the end of the year. If Congress doesn’t take action to avoid more than $600 billion in … Continue reading →

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