Medicare Math

The ratio is 3 to 1. The “3” is how much Medicare recipients are receiving. The “1” is what they paid. Still though, you can see from this NPR report why most people call Medic…

Income Tax Matters

Woodrow Wilson once said that paying taxes was a “glorious privilege.” However, a recent Gallup poll confirmed what we probably already knew. Most of us do not want to pay higher taxes. Up…

Your Budget Proposal

Several months ago, the NY Times published an interactive budget exercise. The goal was for each of us to decide how we would deal with a skyrocketing deficit. Now, with President Obama scheduled to p…

Budget Issues

There are so many budget issues. How to remember them? You might think of 3 and 8. 3 decisions: 1) The shutdown: There might be a partial government shutdown on Friday, April 8, because Congress canno…

What is Best For Growth?

What if the Congress decides to slash spending by $60 billion right now? Prominent economists are again disagreeing. According to Stanford economist John Taylor, we would have a resurgence of business…

A Budget Cut Mirage

Reacting to concern about the federal deficit, the Republican leadership seems to be targeting $100 billion in discretionary spending cuts. Similarly, for his fiscal 2012 budget, President Obama recom…

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