Archives
Categories
-
Recent Posts
- Federal Reserve Bank of New York: Snapshot of Student Indebtedness
- Sequestering Meals on Wheels Could Cost the Nation $489 Million per Year through Increased Costs to Medicaid
- 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
Pages
Tag Archives: government spending
Benghazi, the Failure of All Politicians and Lessons Learned
Senator John McCain has called Obama’s administration handling of Benghazi a ‘cover-up.’ While all the evidence is not yet available a prima facie case can be made that he is correct. The Obama administration, especially the State Department, probably tried … Continue reading
Posted in Government
Tagged Benghazi, budget, Bush, Clinton, Congress, cover-up, diplomats, government spending, Obama, politicians, security, terrorism
Leave a comment
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
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
Austerity Economics Failed Europe: Europe Back into a Recession
It’s official but not surprising — Europe has entered into a recession: The Business Cycle Dating Committee of the Centre for Economic Policy Research (the European counterpart of the U.S. NBER) last week issued a declaration that Europe entered a … Continue reading
Austerity vs Stimulus: Great Britain vs. the U.S.
A real world experiment has been running since the onset of the recession. The U.S. decided to utilize a Keynesian stimulus program while Great Britain adopted the Tories’ austerity program. Which country is doing better? According to research conducted by … Continue reading
Every $100 Billion of Deficit Reduction Will Cost Close to a Million Jobs!
Christina Romer joins the chorus of economists warning against going over the fiscal cliff this coming January — sequestration and the end of the Bush tax cuts. Huge deficit reductions too fast will result in an economic calamity: “A crude … Continue reading
Size of Government: It’s All in One’s Perspective and When You Assign Responsibility
The size of the U.S. government is a source of election debates. In this post I will demonstrate how each major party can use data to suit their purpose. First we will examine the size of the U.S. government in … Continue reading
Posted in Economy, Elections, Government
Tagged big government, budget year, government employees, government size, government spending, Obama, per capita, trends
Leave a comment
How Did Our Country Get to $14.3 Trillion in Debt?
How did our country get to $14.3 trillion in debt? Here are two pie charts depicting federal debt accumulation by Presidential administration. The first graph depicts the dollar amount contributed by each Presidential administration. The second graph shows the percent … Continue reading
Posted in Economy, Government, Presidential Leadership
Tagged Congress, debt, deficit, federal debt, government, government spending, great recession, presidents
Leave a comment
Update: Is “Austerity Economics” Working in Europe?
I have written extensively (see “Related posts” below) about the evidence indicating the adverse effectiveness of “austerity economics” during a period of economic malaise. Here’s an update from Calculated Risk on the ineffectiveness of “austerity economics” in Italy and Greece. … Continue reading