Monthly Archives: July 2014

Breaking News: CBO Infected with Trickle-Down Disease

In a recent Op-ed (“The Fiscal Fizzle: An Imaginary Budget and Debt Crisis,” The New York Times, July 20, 2014, here), Paul Krugman argued that the “fiscal panic has fizzled,” citing the most recent Congressional Budget Office “Long-term Budget Outlook,” July, 2014, (here). … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Economics, Federal Budget and Spending, Federal Debt, Wealth and Income Inequality | Leave a comment

The Fiscal Fiasco: A Real Budget and Debt Crisis

‘What Good Are Economists Anyway?’ asked Business Week’s cover story for 16 April 2009, noting that though the world is ‘simply too complicated’ for ‘exactitude’ in prediction, it is distressing that ‘seven decades after the Depression, economists still haven’t reached … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Economics, Federal Budget and Spending, Federal Debt, Wealth and Income Inequality | Leave a comment

It’s the Wealth Transfers Stupid

In 1980, the top 1 percent controlled about 8 percent of U.S. national income. The bottom 50 percent shared about 18 percent. Today the top 1 percent share about 20 percent; the bottom 50 percent, just 12 percent. But the problem isn’t that we have inequality. … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Economics, Wealth and Income Inequality | 1 Comment