Posts Tagged ‘deficit’

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    A VAT For Pretzels?

    Apr 18, 10 • 424 Views • No Comments

    The Senate just said “No” to a VAT. Disagreeing, Paul Volcker sort of said “Yes” when he observed that a VAT is “not as toxic an idea” as we once believed. Suddenly everyone seems to be talking about a VAT. Here...  [read more]

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    Taxing Decisions

    Apr 10, 10 • 345 Views • No Comments

    Some people believe that government spends more when it has an affluent population to pay for it.  In a recent NY Times column, David Leonhardt presents a slightly different perspective. Instead, he says that because we are a more affluent society,...  [read more]

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    Social Insecurity

    Apr 3, 10 • 359 Views • 1 Comment

    Is there a “lock box” with surplus social security funds? Sort of.   In 1983,  when we had inadequate funding for the social security program, a commission led by Alan Greenspan suggested extra sources of revenue for a Social...  [read more]

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    The Impact of an Asteroid

    Mar 6, 10 • 312 Views • No Comments

    From our “Economics is Everywhere” file:  Reviewing 20 years of research, a panel of 41 experts concluded that the asteroid that struck Mexico (at Chicxulub–chick-shoo-loob), 65 million years ago, extinguished the dinosaur...  [read more]

  • Deficit D

    Feb 20, 10 • 312 Views • No Comments

    2010Facing a $1.6 trillion deficit, President Obama creates the National Commission on Fiscal Responsibility and Reform. 1993:Facing a $260 billion deficit, President Clinton appoints a Bipartisan Commission on Entitlement and Tax Reform.The...  [read more]