econlife on ‘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.

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    A Budget Cut Mirage

    Feb 12, 11 • 121 Views • Economic Debates, Government, Macroeconomic MeasurementNo Comments

    Reacting to concern about the federal deficit, the Republican leadership seems to be targeting $100 billion in discretionary spending cuts. Similarly, for his fiscal 2012 budget, President Obama recommends a 5-year freeze on non-security discretionary...

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    The Right Stuff

    Feb 10, 11 • 115 Views • Government, Households, Innovation, Labor, Macroeconomic MeasurementNo Comments

    Giving a grade of “One Pinocchio,” the Washington Post assessed the accuracy of President Obama’s February 7, 2011 speech to the U.S. Chamber of Commerce. Most interesting, though, were the topics on which he focused. Yes, President Obama...

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    When Is A “B” Bad?

    Jan 30, 11 • 110 Views • Financial Markets, Government, International Trade and Finance, Money and Monetary PolicyNo Comments

    A state would not call a “B” a good grade. The grade is a credit rating that relates to a loan. Triple-A usually means not to worry. On the other hand, a “B” says you might not get paid back. As you know, recently, credit ratings have...

  • More on the States

    Jan 29, 11 • 114 Views • Government, HouseholdsNo Comments

    You an look that This interactive US map to see what is happening to states’ tax revenue. 4 categories of state funds: general revenue (largest category), federal funding, bonds, restricted state funds (e.g. gas tax for road maintenance) Nelson A....

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    Hot Spotting Medical Care

    Jan 28, 11 • 104 Views • Demand, Supply, and Markets, Economic Debates, Government, Households, Innovation, Labor, Macroeconomic Measurement, Regulation, Thinking EconomicallyNo Comments

    These are the statistics: 900 people; 4,000 hospital visits; $200 million in medical bills from January 2002 through June 2008. The place is Camden, N.J. where a relatively small number of people were responsible for a huge proportion of the city’s...