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U.S. Budget and Economy: October 2013
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US Budget and Economy. Monday, October 7, 2013. Is Obama Rewriting Debt-Limit History? Is Obama Rewriting Debt-Limit History? On October 3rd, the Wall Street Journal ran an editorial titled "Kevin Hassett and Abby McCloskey: Obama Rewrites Debt-Limit History". The editorial begins as follows:. The editorial goes on to say that this is "simply untrue" and describes "the shenanigans of congressional Democrats in 1989 over Medicare's catastrophic health coverage provision":. In this case, the problem was po...
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U.S. Budget and Economy: Is Obama Rewriting Debt-Limit History?
http://usbudget.blogspot.com/2013/10/is-obama-rewriting-debt-limit-history.html
US Budget and Economy. Monday, October 7, 2013. Is Obama Rewriting Debt-Limit History? Is Obama Rewriting Debt-Limit History? On October 3rd, the Wall Street Journal ran an editorial titled "Kevin Hassett and Abby McCloskey: Obama Rewrites Debt-Limit History". The editorial begins as follows:. The editorial goes on to say that this is "simply untrue" and describes "the shenanigans of congressional Democrats in 1989 over Medicare's catastrophic health coverage provision":. In this case, the problem was po...
usbudget.blogspot.com
U.S. Budget and Economy: January 2014
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US Budget and Economy. Tuesday, January 28, 2014. Do Publications Have Any Responsibility to Screen Their Editorials? Do Publications Have Any Responsibility to Screen Their Editorials? At the end of my last post. I said that it would be interesting to see if the Wall Street Journal finally corrects the online version of Brett Stephens's column, "Obama's Envy Problem". Inflation-adjusted income data from the U.S. Census Bureau show that incomes declined by 2.6% for the bottom quintile between...Still, it...
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U.S. Budget and Economy: Ben Bernanke and the Federal Reserve Balance Sheet
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US Budget and Economy. Sunday, February 2, 2014. Ben Bernanke and the Federal Reserve Balance Sheet. January 31st marked the end of Ben Bernanke's 8-year tenure as Federal Reserve Chairman. An article titled "Bernanke Leaves Fed with Record Balance Sheet of $4,102,138,000,000". Gives a short history of the actions of the Fed and growth in the Fed Balance Sheet during that time. Following is a short summary of the actions taken from there and Wikipedia. The data for the above graph is posted at this link.
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U.S. Budget and Economy: February 2013
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US Budget and Economy. Monday, February 18, 2013. Do Tax Cuts Increase Economic Growth? On January 30th, the Bureau of Economic Analysis issued its initial estimates of the real gross domestic product in the fourth quarter of 2012. Following is the beginning of the accompanying news release. The release goes on to describe the components that contributed to the decrease:. The decrease in real GDP in the fourth quarter primarily reflected negative contributions from private inventory investment, federal g...
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U.S. Budget and Economy: Do Publications Have Any Responsibility to Screen Their Editorials? (Part 2)
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US Budget and Economy. Wednesday, January 8, 2014. Do Publications Have Any Responsibility to Screen Their Editorials? At the end of my last post. It will be interesting to see if Stephens or the Wall Street Journal publish a correction to this egregious mistake. That might give some indication as to whether they are concerned about their reputations or are simply pushing a point of view by whatever means possible. Professor Krugman, in a post on his New York Times blog, takes me to task for this. Ha...
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U.S. Budget and Economy: March 2013
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US Budget and Economy. Monday, March 25, 2013. Do Tax Cuts Increase Revenue? On March 24th, a reader posted a long comment following my post of November 8, 2010 titled "Do Tax Cuts Increase Revenue? It covered a lot of ground so it seemed that it would be useful to answer it in a post. Following is the reader's comment, interspersed with my replies:. You say and i quote. As the reader states, his comment actually involves my analysis titled EFFECT OF REAGAN, KENNEDY, AND BUSH TAX CUTS ON REVENUES. The ab...
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U.S. Budget and Economy: January 2013
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US Budget and Economy. Saturday, January 26, 2013. Did the Assault Weapons Ban Work? Did the Assault Weapons Ban Work? As mentioned in a prior post. David Kopel, a professor at the University of Denver, was on the December 17th edition of The PBS Newshour. Regarding the assault weapons ban, he said the following:. Well, I think we can look at what happened when she had her 10-year in the past. The Congress, when it enacted that ban, also ordered that a formal study be done of the results of it. Once agai...
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U.S. Budget and Economy: February 2014
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US Budget and Economy. Sunday, February 16, 2014. Is Washington D.C. the Problem? On December 17th, the Washington Business Journal posted an article titled "D.C. far outpaces nation in personal earnings". DC residents are enjoying a personal income boom. The District’s total personal income in 2012 was $47.28 billion, or $74,733 for each of its 632,323 residents, according to the Office of the Chief Financial Officer’s Economic and Revenue Trends report for November. The numbers are given as $74,7 7.
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U.S. Budget and Economy: October 2012
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US Budget and Economy. Sunday, October 28, 2012. Does Romney's Tax Plan Add Up? On August 1st, the Tax Policy Center released a study of the Romney tax plan titled "On The Distributional Effects Of Base-Broadening Income Tax Reform". Following is its conclusion:. The Romney campaign has disputed this conclusion. Both Romney and Ryan have pointed to "six studies" which support the Romney tax plan. A blog posting on the Romney web site. It contains the following:. The original Tax Policy Center article.
