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Tag Archives: GDP
Long-Term Impact of Good Teachers
Does having a good teacher have long-term effects on student outcomes? The answer, according to a sophisticated study tracking over 1 million students from a large urban school district from fourth grade into adulthood, is a resounding affirmative answer. The authors … Continue reading
The Fiscal Cliff: How Much Deficit Reduction is Needed?
Given the emerging fiscal cliff, how much does the federal government need to do to reduce the deficit to stabilize the debt-to-GDP ratio? Conventional wisdom in Washington suggests in order to get the US fiscal house in order we need … Continue reading
Posted in Economy, Government
Tagged debt, debt-to-GDP ratio, deficit, deficits, economy, fiscal cliff, GDP, government, recession, spending cuts, stabilization, tax increases
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The Economic Effect of Letting Bush Tax Breaks for the Wealthy Expire
One of the most contentious issues facing the nation is developing a plan to avoid going over the fiscal cliff. Obama desires to let all of the Bush tax cuts expire except for those who make more than $250,000 a … Continue reading
Posted in Economy, Government, Income Distribution, Inequality, Socio-economic Status, Taxes, Wealth
Tagged budget, Bush tax cuts, debt, deficit-reduction, economic growth, economy, employment, fiscal cliff, fiscal policy, GDP, income distribution, inequality, job creation, jobs, marginal tax rates, monetary policy, Reagan, regressive tax cuts, sequestration, socio-economic status, supply side, tax cuts, tax deductions, trickle-down, trickle-down economics
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Michigan Consumer Sentiment: Highest Monthly Final Since September 2007
Source: dshort.com
Nobel Economist, Stiglitz, Says “Romney’s Plan is Based on Magic”
Nobel winning economist Joseph Stiglitz on Romney’s economic policies: “The budget cuts that Romney/Ryan propose will certainly slow growth. If the European downturn continues that could tip us into a recession. The cuts certainly won’t provide the kind of stimulus … Continue reading
Posted in Economy, Elections, Income Distribution, Inequality, Presidential Leadership, Taxes
Tagged arithmetic, austerity, debt, economic growth, education, GDP, inequality, infrastructure, macroeconomics, magic, Romney, Ryan, Stiglitz, tax cuts
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The Fiscal Cliff Could Cost the U.S. 5.1% of GDP
If Congress doesn’t take action the U.S. will automatically fall into a fiscal cliff with huge impacts on our economy. Quartz’ Tim Fernholz reports: Absent new action, next year the US government’s budget footprint will contract more rapidly than those of Greece, … Continue reading
Posted in Economy, Government
Tagged austerity, Congress, contractionary economics, economic growth, economy, fiscal cliff, GDP, recession, sequestration
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Do Republicans Do a Better Job with the Economy? What Does the Evidence Say
Is There an Association between the President’s Party and Party Control of Congress and Economic Growth? Conventional wisdom suggests that Republicans do a better job with the economy than Democrats. We will examine existing evidence to see if the data … Continue reading
Posted in Economy, Elections, Government, Income Distribution, Inequality, Presidential Leadership, Socio-economic Status, Taxes, Wealth
Tagged Congress, debt, deficit, Democrats, economic growth, economy, GDP, income distribution, income percentile, inequality, job creation, jobs, manufacturing, party, presidents, prosperity, Republicans, stock market, unemployment, wealth
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Goldman Sachs: Letting Payroll Tax Cut Expire Will Shave 0.6 Percentage Points from GDP Growth
Business Insider reports that Goldman Sachs warns against letting the payroll tax cut expire: ” We are surprised that neither party has seriously challenged the case for near-term fiscal retrenchment. In particular, the expiration of the $126bn payroll tax cut … Continue reading
Posted in Economy, Government, Taxes
Tagged austerity, economic growth, fiscal policy, GDP, payroll tax, taxes
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Unemployment Drops to 7.8 Percent, Plus Upward Revisions for Past Two Months
According to the new Bureau of Labor Statistics report: Unemployment has decreased to 7.8 percent in September Total nonfarm payroll employment rose by 114,000 Favorable upward revisions to the prior two months occurred: The change in total nonfarm payroll employment for … Continue reading
Posted in Economy, Government
Tagged BLS, economy, employment, employment-population ratio, GDP, unemployment
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Wow! Housing Market Lost the Equivalent of China and United Kingdom GDPs Combined
According to RealEstate.com: The U.S. housing market lost the equivalent of the GDP of China and the United Kingdom combined during the five-year-long real estate crash. That’s over $9.128 trillion! How much have we recovered since the bottom of the … Continue reading
Posted in Economy
Tagged China, crash, GDP, great recession, housing, real estate, recovery, United Kingdom
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