Posts Tagged ‘budget deficit’

  • Paying for citizenship and deficit reduction

    Unusual Ways to Achieve Deficit Reduction

    Apr 8, 14 • 234 Views • No Comments

    Hoping to diminish their country’s deficit, last year, Malta’s President and Parliament decided to sell citizenship. The price tag is $891,000 and the perk is that Malta is in the EU. Consequently, you get an island home with a back door leading...  [read more]

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    The PIIG’s Progress

    Nov 3, 10 • 233 Views • No Comments

    Almost everyone seems to be debating the same issues. Spend less, tax more, or both? Now perhaps Portugal has made some progress. Hoping to bring its budget deficit down to 4.6% of GDP in 2011, their VAT will ascend to 23%. But will they cut public sector pay...  [read more]

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    Fiscal Commission Deja Vu

    Oct 2, 10 • 248 Views • No Comments

    On Amazon (“gift wrap available”), you can purchase the 1995 “Final Report to the President” of the “Bipartisan Commission on Entitlement and Tax Reform”. During February, President Obama announced the creation of the...  [read more]

  • A New Kind of Misery Index?

    Dec 20, 09 • 284 Views • No Comments

    11.84 is the current level of our “misery index” if we use what Arthur Okun (economic advisor to Lyndon Johnson) created. November unemployment + inflation rates = 11.84. However, according to Floyd Norris, a new index might be more appropriate....  [read more]