Posts Tagged ‘deficit’

  • 16891_Mercedes.1.27_000018506803XSmall

    Greek (Debt) Myths

    Jan 26, 12 • 284 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]

  • mail box...16744_6.26_000008803278XSmall

    Do You Care If You’ve Got Mail?

    Dec 5, 11 • 243 Views • No Comments

    In Canada, when postal workers went on strike because of wage cut proposals, many people were saying, “Who Cares?” In the U.S., Hallmark and Amazon have said that they do care about the future of the Postal Service. If asked, approximately 650,000...  [read more]

  • The US is again hitting its debt ceiling.

    If You Were the Supercommittee…

    Nov 21, 11 • 234 Views • No Comments

    This simulation from Pew is a great way to understand what the supercommittee is trying to do. Called “the Pew Budget Challenge,” it presents close to 100 revenue and expenditure alternatives for bringing the debt down to 60% of GDP by 2021. You...  [read more]

  • 16717_3.16_000012166514XSmall

    Deficit Deal Primer

    Nov 1, 11 • 248 Views • No Comments

    In 1934, after meeting with John Maynard Keynes, FDR said that he “liked him immensely” but groaned that he talked like a “mathematician.” Keynes’s advice to FDR? Described by Sylvia Nasar in Grand Pursuit, increase deficit...  [read more]

  • 16698_6.16_000006078784XSmall

    A Surprising Deficit Worry

    Oct 22, 11 • 231 Views • No Comments

    Who do you think is the biggest holder of U.S. government debt? The U.S. government. Whenever Social Security collects more payroll tax money than it needs, it buys U.S. securities. Retaining cash would mean no return, buying stock could be risky and,...  [read more]