Econ Comments & Analysis
CBO | The Federal Budget Deficit Totaled $1.1 Trillion in 2012, CBO Estimates
The federal government’s fiscal year 2012 has come to a close, and CBO estimates—in its latest Monthly Budget Review—that the federal budget deficit for the year was about $1.1 trillion, or 7.0 percent of gross domestic product (GDP).
Politico | No quick fix for our debt addiction
Many hoped to come away from the first presidential debate with renewed optimism for a solution to the fragile condition of our nation’s fiscal health. Unfortunately, I came away less optimistic.
Washington Times | Obama’s fiscal failure is not debatable
The matchup between President Obama and Mitt Romney during their first debate could be summed up in simple terms as government versus the private sector. Mr. Romney, a successful businessman with a history of turning around failing companies, took Mr. Obama to task for increasing the country’s deficit and generally making our economic woes worse.
Blogs
Library of Economics | EconTalk: Russ and I discuss Fisher's Debt-Deflation Theory
I suspect it was this post that led to the invitation. I really do believe Fisher's 1933 Econometrica article offers a more complete model of the entire business cycle process than anything in Keynes's General Theory.
AEI | Chuck Schumer’s tax reform plan made a ‘grand bargain’ less likely and a plunge over the fiscal cliff more likely
I don’t see how Sen. Chuck Schumer’s speech on tax reform yesterday helped anything — other than providing further clarity on how Democrats are going to try and deal with the exploding national debt: taxes, taxes, and more taxes.
