Posts Tagged ‘deficit’

  • The US is again hitting its debt ceiling.

    If You Were the Supercommittee…

    Nov 21, 11 • 333 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]

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    Deficit Deal Primer

    Nov 1, 11 • 346 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]

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    A Surprising Deficit Worry

    Oct 22, 11 • 332 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]

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    Averting Disasters

    Oct 3, 11 • 395 Views • No Comments

    Disaster spending is setting records this year. At 81, the number of tornadoes, earthquakes, snowstorms, hurricanes and wild fires is equal to the total for all of 2010 and more than each of the previous 3 years. Disaster spending almost created a disaster......  [read more]

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    An Aviator Stuntman and the Stimulus

    Sep 28, 11 • 346 Views • No Comments

    You’ve probably never heard of Lincoln Beachey. An aviation pioneer, Beachey flew at the beginning of the 20th century. During one of his first air exhibitions, Beachey did something totally terrifying when his plane stalled. The opposite of what anyone......  [read more]