Posts Tagged ‘debt’

  • Businessman falling

    The Federal Budget: Young Workers and Old Baby Boomers

    Oct 10, 13 • 449 Views • No Comments

    If the proficiency scores of US workers are low and the safety net spending for baby boomers is high, then we have what Barron’s calls the “baby boom budget bomb.” In a just-released report, the Organization for Economic Cooperation and...  [read more]

  • the Congress...16856_3.16_000012166514XSmall

    The Federal Budget: Sequester Déjà Vu

    Mar 1, 13 • 408 Views • No Comments

    Today’s sequester is not the first. Just like now, in 1985, cutting the deficit was popular…in theory. The question, though, was how to get legislators to do it. The answer was Gramm-Rudman (aka the Gramm-Rudman-Hollings Act or the Balanced Budget...  [read more]

  • 16698_6.16_000006078784XSmall

    Opposing Austerity

    Apr 12, 12 • 331 Views • No Comments

    Thinking about our fiscal woes, I keep returning to the fallacy of composition. Here it is: When one farmer harvests a huge crop and sells it, her profits soar. But if every farmer grows more and sells more, then the price drops. Similarly, if one person...  [read more]

  • 16891_Mercedes.1.27_000018506803XSmall

    Greek (Debt) Myths

    Jan 26, 12 • 272 Views • No Comments

    Maybe sell some islands and an ancient ruin or two? In Boomerang, Blind Side author Michael Lewis repeats what German politicians were suggesting in 2009 when they heard that the Greek debt was much larger than previous estimates. How much bigger? No one was...  [read more]

  • 16889_sheep

    Heed the Herd

    Jan 25, 12 • 259 Views • No Comments

    By Mira Korber, guest blogger. Just the other day, I walked outside to find all six of my horses facing the exact same direction, muscles tensed, ears pricked, nostrils flared…Clearly their horsey intuition was picking up on some obscure, equine-eating...  [read more]