Posts Tagged ‘federal deficit’

  • Thomas Sargent and Cutting the deficit

    Have We Halved the Deficit?

    Jan 30, 14 • 387 Views • No Comments

    In the State-of-the-Union, President Obama said, “Our deficits–cut by more than half.” Looking at the federal deficit as a percent of GDP, we can say that the deficit is much lower than 4 years ago. BUT… The deficit was an unusually...  [read more]

  • The Congress and the Deficit

    Big Bird’s Issues

    Oct 11, 12 • 265 Views • No Comments

    All the talk about Big Bird and federal funding is really about 2 much bigger issues. 1. Discretionary Spending With proposed spending in the Obama 2013 budget at 3.7 trillion dollars, a tiny proportion–between 1 and 2 percent, goes to the Corporation...  [read more]

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    Plane Train Competition

    Aug 16, 12 • 253 Views • No Comments

    Should government subsidize a railroad? Our story starts during the 1970s when you could fly from New York to Washington, D.C. on the Eastern shuttle. Eastern left hourly (!) and guaranteed a seat to everyone who showed up for the flight. Imagine, coffee cup...  [read more]

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    Aging Benefits

    Apr 26, 12 • 318 Views • No Comments

    When you combine better health care with generous pensions you get (choose one): happy retirees happy politicians insufficiently funded national pension programs the eurozone the United States other   To select an answer let’s begin with 1935. Just...  [read more]

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    Social Insecurity: Part 2

    Aug 4, 10 • 227 Views • No Comments

    The average social security check received by a retired grandma is $1169. Multiply that by 35 million recipients, add to it other social security obligations, and this year, you have more money leaving than entering the social security “bank...  [read more]