Blogs
Mercatus: Neighborhood Effects | Is Infrastructure Spending Stimulative?
The problem with this is that it assumes that infrastructure projects will be executed in exactly the way that Keynesian theorists say that they ought to be (“timely, targeted, and temporary” in Lawrence Summers’s words).
Daily Capitalist | Obama Goes ‘Japanese’ — $447 Billion Of New Infrastructure Spending
He didn’t exactly say “how much” spending, but reports are saying $447 billion. An outline of the bill can be found here.
WSJ: Real Time Economics | Consumer Debt Rises on Nonrevolving Surge; Credit Cards Fall
U.S. consumer credit made another gain during July, led by a big increase in nonrevolving debt, including student loans.
Reports
CBO | Monthly Budget Review
The federal budget deficit totaled $1.23 trillion through the first 11 months of fiscal year 2011, CBO estimates--$28 billion less than the deficit incurred in the same period last year.
