Browsing All Posts filed under »National Debt/Deficit«

America Saves – Less

February 25, 2014 by


This is America Saves week. If there was one encouraging result from the “Great Recession” it was that personal savings increased. However it looks like that trend has reversed itself and we are returning to our accustomed low rates of saving. In a post in Real Time Economics on the Wall Street Journal’s site Jeffrey […]

Deficits, Debt and Political Strategy

February 14, 2014 by


When Mr. Boehner announced his strategy Tuesday at a closed-door conference, no one objected, a senior House GOP aide said. He was halfway back to his seat when he said: “I got this monkey off your back and you’re not even going to applaud?” Lawmakers took the hint and gave him a round of applause. […]

Economic Ignorance: (Bad) Quote of the Day?

December 3, 2013 by


Our interns here in DC visited the Bureau of Printing and Engraving this week.  In case you didn’t know, this is where most of the paper money in the US is printed.  I have to say I haven’t been so near so much cash in my life (something like a few hundred million in the […]

Common Sense Economics

November 5, 2013 by


Alan Greenspan was being interviewed about his new book The Map and the Territory in Time magazine recently and responded to the question, “Knowing what you know now, what would you have done differently during your time as chairman of the Fed?”  His response was in part, “I always knew debt was important.  If I […]

Mr. Obama wants a budget fight

September 24, 2013 by


and Republicans are seemingly going to give him what he wants.  Both the budget and the debt limit are coming up and Mr. Obama says there is no negotiation.  No longer will there be any discussion on the debt limit (indeed, he does not believe we should have one), since we have to “pay our […]

A tale of two visions: One grounded in hope and the other the hard reality of the world

September 18, 2013 by


Obamacare will continue to gain attention for the foreseeable future, but today’s news give two opposing and irreconcilable views.  Mr Obama was asked if American’s were wrong about his health care bill (since so many oppose it).  His answer?  Yes, they are wrong. Yes, they are…….The problem we have is that over the last four […]

The Winds of Change?

September 13, 2013 by


From today’s Wall Street Journal: Poll Finds Republicans Gain Favor on Key Issues.