The future of the Eurozone appears to hinge on Southern Europe at the moment. But eight states, almost all of them in Eastern Europe, may also play a role in the future of the currency bloc in the coming years. Under the terms of their entry to the EU, these states have agreed to adopt … Continue reading
Category Archives: Fiscal policy
Obama-Biden Plan: Round Two
It seems that the approaches on how to fix the economy fall on two distant sides. Mr. Obama proposes raising taxes on the wealthiest in the nation to increase revenue and help lower the deficit. Mr. Romney offers an extension of tax cuts to everyone, while reducing the deficit by closing loopholes. In the past … Continue reading
What is Sequestration?
In the spring of 2011, a newly-elected Republican Congress claimed a mandate from the American people to cut spending at any cost. Twice – in February and April – Congress came within hours of a government shutdown before short-term spending measures (Continuing Resolutions) were passed, cutting spending in each case. As spring moved to summer, … Continue reading
A Tale of Two Economies
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness…” – Charles Dickens, A Tale of Two Cities In the iconic opening lines of a Tale of Two Cities, Charles Dickens describes pre-revolutionary France, but he could just as easily be … Continue reading
A Comparison: Reagan, Obama & Jobs
A myriad of articles have been written on how the presidential election of 2012 should garner a stringent comparison to that of the 1980 presidential election. I agree. During both presidential elections the United States economy was and is hurting. But, the focus of this article is: how did the presidents perform after they won … Continue reading
Investment or Waste
When we invested in the Hoover Dam or the Golden Gate Bridge, or the Internet, sending a man to the moon — all those things benefited everybody. And so that’s the vision that I want to carry forward. – Barack Obama This statement, in a nut shell, represents the entire positive argument that President Obama is … Continue reading
What Are the Bush Tax Cuts?
The period between March 1991 and March 2001 was the longest continuous expansion in U.S. economic history, according to the National Bureau of Economic Research. But the sunset of this period, with the bursting of the Dot Com bubble and the attacks on 9/11, marked the beginning of a two-year recession. In response, the Bush … Continue reading
Reverse Teacher Crisis
You heard it all over the Democratic Convention 2012 last night. President Obama calling for the hiring of “100,000 new math and science teachers.” He also said, “I don’t believe that firing teachers or kicking students off financial aid will grow the economy, or help us compete with scientist and engineers coming out of China.” … Continue reading
The Dodd-Frank Act’s Effect on: The Commodity Futures Trading Commission
The Commodity Futures Trading Commission (CFTC), an independent agency, is charged with helping to regulate futures markets. The CFTC Chairman, Gary Gensler, stated that, “the Wall Street reform bill (Dodd-Frank) will – for the first time – bring comprehensive regulation to the swaps market place. Swap dealers will be subject to robust oversight.” The Dodd-Frank … Continue reading
The Sequester
http://www.youtube.com/watch?v=w2i8KZtQRTI&feature=g-upl
That crazy bill our politicians refuse to address. Featuring economic policy experts Joe Minarik and Doug Holtz-Eakin. A video by Peter G. Peterson Foundation Interns Ben Gitis of American Action Forum and Kathryn Tinker of Committee for Economic Development.
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