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budget-deficit

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A Trillion here, A Trillion there…

Michael Panzner / 18-07-2011
For a truly frightening look at the mess the Washington spending machine has created, have a look at these: From the Washington Post: “New Estimate of U.S. War Costs: $4 Trillion” Amid a growing debate over how to bring down the government’s debt, a new study has concluded that U.S. involvement in Afghanistan, Iraq and Pakistan has cost [...]
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Obama on budget: You can’t have your cake and eat it too

Bruce Bartlett / 22-04-2011
On April 13, President Obama attempted to change the budget debate in Washington, which has been conducted entirely on Republican terms for the last two years. In particular, he is trying to put taxes back on the table as part of the solution to the nation’s debt and deficit problem. Unfortunately, debate on policy issues these days [...]
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Budget deficit – not a nightmare? Economists refute Reinhardt and Rogoff’s arguments.

Metablog Obserwatora Finansowego / 23-08-2010
Keynesian economists, reply to Carmen Reinhardt and Kenneth Rogoff on the threat of crossing a specific threshold in the ratio between government debt and GDP. Economic Policy Institute fellows criticize their simplifications and draw surprising conclusions. The article used in discussions about zeroing budget deficit by Alesina and Ardagna is being challenged by The Roosevelt Institute academics. According to them budget cuts during crisis are not effective as they are during prosperity. On the economic slowdown prof. Richard Posner talks to prof. Gary Becker. And Bull Bear Signals blog is an optimist.
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Deflation? Are we far from it?

Edward Harrison / 26-07-2010
Wow! We see the word “Deflation” everywhere; we see it in every financial publication and hear it every time we turn on financial TV. We see that the pundits who were bearish because of runaway inflation have just recently included deflation as well as inflation to be the problem. We were talking and warning about [...]
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A Balanced Budget: Worthy Superstition?

Dr Bruce Bartlett / 02-05-2010
I recently came across this quote from the late Paul Samuelson from an interview he did with Mark Blaug a few years ago: “I think there is an element of truth in the view that the superstition that the budget must be balanced at all times [is necessary]. Once it is debunked [that] takes away one [...]
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Wyższe podatki sfinansują ObamaCare

Prof. Bruce Bartlett / 22-03-2010
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Nawet najstarsi Amerykanie nie pamiętają tak burzliwej debaty, jaka odbywała się przez całą niedzielę, 21 marca, w Izbie Reprezentantów. Prezydent Obama odniósł w końcu sukces - Kongres uchwalił jego ustawę zdrowotną, choć większością tylko 7 głosów. Zwolennicy mówią, że będzie kosztować 0,9 bln USD w ciągu 10 lat. Ale przeciwnicy twierdzą, że trzy razy więcej i że administracja, zmuszona znaleźć dodatkowych 500 mld, zwiększy deficyt. Ostrzegam jednak opozycję przed szafowaniem argumentem nieodpowiedzialności fiskalnej.
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Fate of The Euro

Prof. Stefan Karlsson / 10-03-2010
A reader asked for my opinion of this article by Wolfgang Münchau. More specifically, he asked about Münchau’s assessment that the euro will be weak in the short to medium term future. Münchau’s case can be summarized to the following premises: 1) Fiscal tightening will occur through the euro zone, especially in Greece and the other [...]
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A need for VAT in USA

Dr Bruce Bartlett / 09-02-2010
Anyone who reads the Wall Street Journal’s editorial page knows that it hates the value-added tax. I don’t mean hate the way it hates liberals, government regulators and the capital gains tax. No, the Journal hates the VAT more deeply and strenuously than anything else. The reason is that the Journal sees the VAT as the [...]
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Wpływ reformy zdrowia na gospodarkę

02-02-2010
Ekonomiści CATO Institute  Michael D. Tanner i Michael F. Cannon przedstawiają punkt widzenia konserwatystów na zaproponowane przez prez. B. Obamę reformy systemu opieki zdrowotnej (Healthcare). Zastanawiają się m.in. na ile ta propozycja zakłada wzrost podatków dla klasy średniej. Czas 5:25.
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US GDP growth won’t have effect on unemployment

Prof. Norman Bailey / 02-02-2010
The past week has been full of economic events, such as:   1.  The report of the Congressional Budget Office (CBO) on the budget outlook.   2.  The president’s State of the Union address.   3.  The defeat in the Senate of the proposal for the formation of a budget commission to recommend ways of reducing the deficits and eventually the [...]
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