Archives
Categories
-
Recent Posts
- The Impact of Participation in Sports on Educational Attainment
- CBS: Republicans were Source of Inaccurate Benghazi Emails
- 97.2% of Climate Scientists Endorse the Consensus Position that Humans are Causing Global Warming
- China Invests $250 Billion in Its Version of the G.I. Bill to Educate Millions
- Unanticipated Events Derail Retirees’ Goals
Pages
Tag Archives: economic growth
Study: Balanced Budget Amendment Equals Great Economic Damage
What would happen if a balanced budget amendment (BBA) was passed and implemented? The Center on Budget and Policy Priorities quotes estimates from a Macroeconomic Advisers analysis: If the 2012 budget were balanced through spending cuts, those cuts would total … Continue reading
Posted in Economy, Poverty, Taxes
Tagged austerity, balanced budget amendment, contractionary economics, deficit-reduction, economic growth, economy, expansionary austerity, fiscal constraint, fiscal policy, government, government spending, great recession, Keynes, Nobel economists, prosperity, unemployment
Leave a comment
A Title You Don’t See Often: The Rapidly Shrinking Federal Deficit
From a research note by Goldman Sachs chief economist Jan Hatzius: The Rapidly Shrinking Federal Deficit “The federal budget deficit is shrinking rapidly. …[I]n the 12 months through March 2013, the deficit totaled $911 billion, or 5.7% of GDP. In … Continue reading
Posted in Economy, Government, Taxes
Tagged debt, deficit, economic growth, economic recovery, expenditures, GDP, payroll taxes, taxes
Leave a comment
Boehner Ignores Evidence on the Effects of Lowering Marginal Tax Rates
Yesterday, John Boehner during a Meet the Press interview said lowering marginal tax rates will promote more economic growth. He was challenged a bit by David Gregory but as usual the journalist was ill prepared for the debate. Boehner indicated … Continue reading
Awarding Winning Nobel Economists Warn Against Austerity
In a letter addressed to President Obama, Speaker Boehner, Minority Leader Pelosi, Majority Leader Reid, and Minority Leader McConnell a number of Nobel winning economists had a number of things to say but their last point summarizes a point I have posted about … Continue reading
Goldman-Sachs Issues Austerity Warning
“Sequestration, spending caps, and reduced war spending will together reduce real federal consumption and gross investment by 11% over the next two years, ” according to Alec Phillips, an economist at Goldman Sachs. “That’s a very big drop in a … Continue reading
Empirical Evidence that Higher Taxes Create Jobs
At Essential Reading on the Deficit/Debt Issue kavips posts: “Did I hear someone say they couldn’t find empirical evidence that higher taxes create jobs? http://www.epi.org/publication/books_rethinking_growth/ http://www.thefiscaltimes.com/Columns/2011/06/24/Will-Higher-Taxes-Tank-the-Economy.aspx#page1 http://www.bloomberg.com/news/2011-06-02/raising-taxes-isn-t-a-kiss-of-death-for-employment-growth-history-shows.html http://www.decisionsonevidence.com/2012/04/more-jobs-through-lower-tax-rates-a-look-at-the-evidence/ http://finance.yahoo.com/news/tax-cuts-rich-dont-spur-151649273.html http://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2010/04/a-tax-on-jobs-experimental-evidence.html Rutgers economic historian James Livingston has reasserted it in an excellent book: … Continue reading
Posted in Economy, Government, Income Distribution, Socio-economic Status, Taxes, Wealth
Tagged corporate taxes, economic growth, economy, employment, jobs, marginal tax rates, taxes
Leave a comment
Why the Unemployment Rate Is So High
Laura D’Andrea Tyson, former chairwoman of the Council of Economic Advisers under President Bill Clinton, explains in Economix why unemployment remains high: “Why is the long-term unemployment problem so much more severe in this recovery? Part of the answer lies … Continue reading
Posted in Economy, Government
Tagged Congress, demand, economic growth, Federal Reserve, great recession, jobs, skills, unemployment
Leave a comment
Relationship between Tertiary Education and GDP per Capita
After reading “Chances of Countries Attaining an Above Median GDP Per Capita Based on Adult Literacy Rates” a friend asked if I had data on the relationship between tertiary education and GDP per capita. Yes, the World Development Indicators provide … Continue reading
Obama Administration Created More Jobs in First Term than George W. Bush’s First Administration
The U.S. News reports the Obama Administration created more jobs in its first term than George W. Bush did in his first term.
Posted in Economy, Government, Presidential Leadership
Tagged Bush, economic growth, economy, government, jobs, Obama, presidential leadership
Leave a comment
What’s the Easiest Way to Reduce the Deficit?
Answer: Long-term economic growth. And what is Congress’ strategic policy for long-term economic growth? Hmmm.
Posted in Economy, Government
Tagged Congress, economic growth, economy, jobs, policy, strategy
2 Comments