Trade Barriers: A Surprising Thread in the U.S./Brazil Cotton War

The US might soon stop sending Brazilian cotton farmers $150 million annually. The short version of the story is that because federal subsidies give US farmers an unfair advantage in world markets, Brazilian cotton growers protested. In 2009, the World…

The Federal Budget: Sequester Déjà Vu

Today’s sequester is not the first. Just like now, in 1985, cutting the deficit was popular…in theory. The question, though, was how to get legislators to do it. The answer was Gramm-Rudman (aka the Gramm-Rudman-Hollings Act or the Balanced Budget…

The Federal Budget: Sequester Facts

Understanding the sequester means we have to start with the Supercommittee. Formed during 2011, the Supercommittee was the solution to the debt ceiling impasse. At the time, the Congress refused to pass a debt ceiling increase unless we had a…