deficits

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  • Learning About Growth from Austerity


    Authority Authority:
    MILAN – In a recent set of studies, Carmen Reinhart and Kenneth Rogoff used a vast array of historical data to show that the accumulation of high levels of public (and private) debt relative to GDP has an extended negative effect on growth. The size of the effect incited debate about errors in their calculations. ...
    1 day ago
  • Sovereign debt concerns in 2013


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    Interest rates on government debt for a number of European countries-- notably Greece, Portugal, Ireland, Italy, and Spain-- shot up considerably during 2010-2012. Those yields have fallen significantly from their peaks, though these five countries still face higher borrowing costs than most other countries in ...
    2 days ago
  • Washington Hits the $16.7 Trillion Debt Ceiling with $300 Billion in New Debt


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    On May 19, the United States hit its debt ceiling after adding $300 billion in more debt since lawmakers suspended the ceiling in February. But the cash won’t run dry until at least Labor Day, according to Treasury Secretary Jack Lew , whose department can employ a variety of cash management tools to continue ...
    2 days ago
  • Money matters


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    By Mustang Bobby   The way the Republicans tell it, the economy is still collapsing, the deficit is ballooning, the tax hikes in January are killing business, and Barack Obama is a socialist bent on crushing small business under the heel of the federal government with regulations on top of regulations. Oh ...
    1 week ago
  • Biomarkers for Psychosis and Schizophrenia Risk


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    Prefrontal Cortex Highlighted in Red Identifying valid biomarkers for psychosis and schizophrenia is an active focus in brain research. Tyronne Cannon, Ph.D. from Yale University recently presented a summary of research on this topic at the William K. Warren Neuroscience Symposium in Tulsa, Oklahoma.  ...
    1 week ago
  • Children with Autism Hypersensitive to Motion


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    Children with autism can detect simple movements twice as fast as typically developing children, and this hypersensitivity to motion may provide insight into the workings behind the disorder, according to a new study published in the Journal of Neuroscience . This heightened sensory perception may help explain why ...
    1 week ago
  • A National Deficit Decline the GOP May Be Hard Put to Explain


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    If one listens to the endless verbal diarrhea emanating from far right talk radio and many within the GOP - including some of my former proteges who seem to be imbibing Kool-Aid by the gallon -  youd believe that the nations budget is increasing.  Indeed, everything coming from the right describes President Obama as ...
    1 week ago
  • Does Austerity Work?


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    Does raising taxes and cutting government spending reduce a government’s deficits and thus debt? Confine consideration to more tax revenue and less spent and the theoretical answer is yes; it being a simple matter of mathematics. Include the impacts of raising taxes and cutting spending and the answer become far ...
    2 weeks ago
  • U.S. Debt Ceiling: A Plan to Kick the Can?


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    House Republicans are looking at legislative options that would couple a hike in the federal debt ceiling, likely due in the fall, with progress on corporate tax reform, writes CFR’s Robert Kahn on his blog “ Macro and Markets. ” However, significant disagreement between the two parties on major policy points, ...
    2 weeks ago
  • Politicos new myth: Its never easy for House GOP to raise debt ceiling


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    "Its never been easy for House Republicans to raise the debt limit." With that opening sentence, Jake Sherman and Steven Sloan of Politico provided air cover for the GOPs unprecedented—and dangerously irresponsible— debt ceiling hostage-taking . After all, Republicans in both houses of Congress had no problem ...
    2 weeks ago
  • Past five presidents at a glance


    ApplesauceAuthority Authority: 146
    Don’t tell your Republican friends about this. It will only confuse them.... Read more
    2 weeks ago
  • Private managers take over Michigan schools


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    Two high-spending, low-performing Michigan school districts are now under for-profit management, reports Ed Week. Emergency managers hired Mosaica Education to run Muskegon Heights schools and the Leona Group to take over Highland Park, which borders Detroit. Can charter managers turn around failing school ...
    2 weeks ago
  • The Skyrocketing U.S. National Debt and Unfunded Liabilities For Medicare and Social Security — Videos


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    U.S. Debt Clock http://www.usdebtclock.org/ What Are the Dangers of Too Much Debt? Economy Is Still Americans’ Top Concern http://www.gallup.com/poll/146708/americans-worries-economy-budget-top-issues.aspx Most Important Problem ...
    2 weeks ago
  • The Loss Of Government Jobs Is Holding Back The Economy


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    The latest jobs report was welcomed news with unemployment down to 7.5% and 165,000 new jobs.  In addition, the lack luster figures for the two prior months were sharply adjusted upward.  But despite this good news, continued cuts in government employment is undermining the private sector gains.  Also creating ...
    2 weeks ago
  • Fictitious figure sharpens Australian electioneering


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    John is the Australian prime ministers imaginary friend, a fictitious figure dreamed up to crystalise the policy differences she has with Tony Abbotts conservatives.
    2 weeks ago
  • CalPERS is Hotel California


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    The San Jose City Council, facing huge budget deficits tried to honor the will of the people by terminating life-time pension benefits for Council members. But they just learned ending wildly expensive retirement benefits may be wildly more expensive than staying in the plan. ... Continue Reading.
    2 weeks ago
  • Ticks OH’s new nightmare


    SMOKINCHOICES (and other musings)Authority Authority: 137
    Public health Tick diseases a worry as state ends tracking By Misti Crane THE COLUMBUS DISPATCH The elimination of insect surveillance at the state level has some experts and residents concerned about a gap in protecting public health, including monitoring the spread of ticks carrying Lyme disease. “This ...
    3 weeks ago
  • Fiscal Revisionism


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    Following the controversy sparked by errors found in Harvard professors Carmen Reinhart and Ken Rogoff’s This Time is Different that has played a central role in supporting austerity policies in the debate over deficit reduction, CFR senior fellow Robert Kahn responds to the question of how the work’s revision ...
    3 weeks ago
  • Better Late Than Never


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    Interesting post from  New York here, that looks at how the coverage of debt issues has shifted over the past few months , toward being actually somewhat evenhanded on debt issues. Don’t get me wrong, I’m pleased they’ve gotten around to this. Of course, there’s no good reason why they shouldn’t have back ...
    3 weeks ago
  • Paul Krugmans Missing Metaphor


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    Krugmans argument makes logical sense, but the Republicans argument makes emotional sense—which isnt really, you know, sense—even if it feels just like it. read more
    3 weeks ago

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