Government

Governments’ spending, taxing and borrowing, fiscal policy has a direct impact on economic activity and growth. Looking at the past and present, econlife focuses on the role of government through fiscal policy.

  • 16304_6.16_000006078784XSmall

    Your Budget Proposal

    Apr 12, 11 • 258 Views • No Comments

    Several months ago, the NY Times published an interactive budget exercise. The goal was for each of us to decide how we would deal with a skyrocketing deficit. Now, with President Obama scheduled to present a major speech on his budget proposals, you might...  [read more]

  • The Congress and the Deficit

    Budget Issues

    Apr 7, 11 • 310 Views • No Comments

    There are so many budget issues. How to remember them? You might think of 3 and 8. 3 decisions: 1) The shutdown: There might be a partial government shutdown on Friday, April 8, because Congress cannot agree on the 2011 budget. So far, where necessary,...  [read more]

  • 16290_8.23_000009465025XSmall

    Savers or Borrowers?

    Apr 5, 11 • 453 Views • No Comments

    In 1987, a $100 savings account would have earned close to $9 in interest. In 2005, $3.75 or so. Now, maybe 47 cents? The WSJ, had a good article describing how savers are suffering. The retirees who expected to depend on interest income until they died have...  [read more]

  • 16286_3.24_000011088049XSmall

    Corporate Tax Matters

    Apr 3, 11 • 417 Views • No Comments

    CBS’s 60 minutes, the NY Times, Forbes, all seem to be talking about how large corporations avoid paying U.S. income taxes. GE, for example, has one of the biggest tax returns (24,000 pages) and the smallest payments. How? For many multinationals, a...  [read more]

  • 16284_9.8_000006388635XSmall

    “Free” Kidney Treatment

    Apr 2, 11 • 275 Views • No Comments

    In October 1972, Congress decided that the federal government should pay for treating chronic kidney disease. Concerned that care went primarily to those who could afford it, Congress proclaimed dialysis and transplants an entitlement for almost all of us....  [read more]