Today’s Wall Street Op-ed from noted MIT and Nobel laureate Peter Diamond and UC Berkeley economics professor Emmanuel Saez, sums up nicely what is wrong with liberal economics. OK, it’s a long-ish article on marginal tax rates so it doesn’t nicely sum up anything. Instead it smacks you over the [...]Read more ›
Washington just added another $2.4 trillion to an already exploding debt of $14 trillion. The accumulated obligations of the U.S. now exceed 100% of America’s Gross Domestic Product. We’ve reached that point at which we are trapped in an economic catch-22.0 comments
50% of the people in the United States receive a government check of some kind. That is a direct transfer from one taxpayer to another. Subtract the cost of the government program making the transfer and you get the government’s “take” for administering and processing the transfer.0 comments
It is no secret that the U.S. is facing a debt crisis today. The national debt has risen to $14 trillion this year and is expected to go up to $16 trillion in 2012. High interest rates and budget deficit problems are among the main reasons why the national debt [...]Comments are Disabled
The Problem with Liberal Economists
Today’s Wall Street Op-ed from noted MIT and Nobel laureate Peter Diamond...
Obama Regarding the Economy: Nothing to See Here Folks
If you were a president who for three years presided over an economy with more than...
Know the Numbers, Know the Man. How Obama’s Budget Shows His True Priorities
President Obama’s budget for 2013 is pure Obama. How do we know? Paul Ryan, the...
The Catch-22 of Sovereign Debt Part 1
Can we fix our debt problems without destroying our economy? by Marc Nuttle August...
The Catch 22 of Sovereign Debt Part 2
Why higher taxes will further damage our ability to create jobs. By R. Marc Nuttle September...
The Catch 22 of a Top Heavy Boat
The Problem With Government Benefits By R. Marc Nuttle September 15, 2011 50% of...
THEY barely dare say it, but the doctors are strangely confident: after a long illness, the euro may be recovering. This week’s all-night surgery by finance ministers to excise a festering lump of Greek debt went better than expected. “We have put in place almost all of the elements we [...]Read more ›
The health care overhaul that President Obama intended to be the signature achievement of his first term instead has become a significant problem in his bid for a second one, uniting Republicans in opposition and eroding his standing among independents. In a USA TODAY/Gallup Poll of the nation’s dozen top battleground [...]Read more ›
If you were a president who for three years presided over an economy with more than 13 million unemployed, a growth rate gasping around 2%, an historic credit downgrade and underwater home mortgages drifting like icebergs toward the American Titanic, what would you do? You’d do what Barack Obama’s done: [...]Read more ›
The Treasury received £10.35 billion in income tax payments from those paying by self-assessment last month, a drop of £509 million compared with January 2011. Most other taxes produced higher revenues over the same period. Senior sources said that the first official figures indicated that there had been “manoeuvring” by [...]Read more ›
President Obama’s budget for 2013 is pure Obama. How do we know? Paul Ryan, the House Budget Committee chairman, was once asked how to become a budget expert. “You have to read the budget,” he said. To know Obama, it’s similar. You have to read the speeches and look over [...]Read more ›
“I HAVE learnt that marathon is indeed a Greek word.” Thus spoke Olli Rehn, the European monetary affairs commissioner, at the end of a 14-hour negotiating session that produced a second bailout package for Greece this morning. This had been agreed in principle at a European summit in July last [...]Read more ›
Rioters torched shops and offices, with banks and foreign businesses the main targets. Pensioners wearing gas masks joined a blockade of Parliament and squared off against some 4,000 police officers. The city’s best-known cinema was burned to the ground, along with nine other national-heritage sites. This was Athens on Sunday [...]Read more ›
THE banners at the entrance to the Bank of Greece museum in Athens promise a “fascinating journey through Greece’s modern economic and monetary history”. How could any passer-by resist? Inside the museum ranks of glass cases enclose an array of coins and old bank notes, as well as the paraphernalia [...]Read more ›
The world economy is slowing sharply, and the euro region is headed for recession this year, the International Monetary Fund predicted Tuesday in a bleak update of global conditions. Overall, the world economy is expected to expand 3.25 percent in 2012 — down from the 4 percent projected by the [...]Read more ›