News
CNN Money | FEMA may not have enough for flood damages
The Federal Emergency Management Agency, also known as FEMA, has said it has enough funds for disaster aid from Superstorm Sandy.
Econ Comments & Analysis
Washington Times | Beware a ‘grand bargain’
Politics, they say, is the art of compromise. You give something to get something. Everyone ends up with half a loaf. You don’t get everything you want, but everyone comes out ahead.
Blogs
Heritage Foundation | What’s Scary: Federal Spending Per Household
As The Heritage Foundation’s “Federal Spending by the Numbers—2012” shows, federal spending per household has grown 29 percent since 2002, when it stood at $23,010. Put another way, $29,691 is about two-thirds of the median household income. On a larger scale, total federal spending in 2012 reached $3.6 trillion, or 22.9 percent of the entire U.S. economy.
Marginal Revolution | Cyclically adjusted measures of the stance of fiscal policy
These cyclically adjusted measures are useful information and should not be discarded, but I don’t wish to use them as the sole or main or dominant source of information about the stance of fiscal policy.
