A Goldilocks Look at the U.S. Debt

How to decide if adding $4 trillion (or so) to the U.S. debt is too much, too little, or just right? We can start with ourselves and ask if $200,000 is a lot to borrow when you buy a home.…

The Economic Side of T. rex

Whenever the discovery, reconstruction, and FEDEx delivery of the Smithsonian’s new T. rex is described, the story usually leaves out the fiscal details.

Six Facts We Need to Know About the Federal Budget

The six facts that we need to know about the federal budget include spending, taxes, borrowing, and where we could wind up.

Does Everyone Deserve a Job?

With job guarantee proposals in the news, we can start to consider what so massive an entitlement program could involve.

Fiscal Cliff Notes

There might be 2 ways to look at the fiscal cliff. Specifically, we can focus on tax increases and spending cuts: Tax Increases Bush era tax cuts: expire 2010-2011 2% payroll tax cut: expire Affordable Care Act taxes: kick in…

How Sick is Medicare?

Perhaps it all began when President Lyndon Johnson called Wilbur Mills, chairman of the House Ways and Means Committee. “Wilbur, I’ve just been looking through the polls here, and I’ve only got a few weaknesses, and the worst of them…

Government Matters

Which do you prefer, “free” or “fair?” We have free speech, a free press, freedom of religion. The Declaration of Independence, the Constitution and the Bill of Rights refer to “free” but never “fair.” Explaining that our founding fathers perceived…