Posts Tagged ‘deficit’

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    Congressional Deficit “Games”

    Sep 25, 11 • 361 Views • No Comments

    Composed of 6 Democrats and 6 Republicans, the congressional super committee is supposed to create a deficit reduction plan. If they do not propose the plan or if Congress does not approve their plan, then automatic cuts are triggered. The automatic cuts...  [read more]

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    Benford’s Law and Greece

    Sep 22, 11 • 321 Views • No Comments

    Does it matter that low first digits occur more frequently? First some history. During the 1920s, Frank Benford, a physicist at GE, noticed that “one” appeared more frequently as the first digit of a number. To test his thesis, he accumulated...  [read more]

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    “Deficit Bias”

    Sep 17, 11 • 459 Views • No Comments

    If anyone asks you about the “fiscal woes” facing the U.S., Japan and the EU, just say, “deficit bias.” The 13th Geneva Report on the World Economy explains “deficit bias.” In the U.S., think about voting constituencies and...  [read more]

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    Can We Afford to Change the US Postal Service?

    Sep 12, 11 • 381 Views • 1 Comment

    There are so many reasons not to change the US Postal Service. For tough to reach rural communities, post offices are conveniently located. For homebound elderly, 6-day dependable prescription delivery is crucial. USPS workers have been promised generous...  [read more]

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    Stormy Issues

    Sep 1, 11 • 331 Views • No Comments

    For Hurricane Irene relief, the debate is again about the debt. Let’s start with the Congress. Expressed by Texas Representative Ron Paul, government should not play a role because “intrusive” bureaucracy” hinders local people and...  [read more]