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…

A Budget Question

Thought to have saved many lives, a Japanese early warning system sent a media alert seconds before the earthquake struck.  The system took 12 years to implement and cost close to $500 million. A…

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…

Who Do We Owe?

Who do you think is the biggest holder of U.S. government debt? China? No. It is the U.S. government. Why? Please think about extra money the government might collect for Social Security. What does it…

Deficit Denial

According to 96% of the participants in a CBS News poll on the deficit, “We really don’t care.” Jobs were #1 and health care #2 with the deficit far behind. According to Washington P…

A VAT For Pretzels?

The Senate just said “No” to a VAT. Disagreeing, Paul Volcker sort of said “Yes” when he observed that a VAT is “not as toxic an idea” as we once believed. Sud…

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