There’s a lot that makes sense here. Some of the high points: It’s true that foreigners now hold large claims on the United States, including a fair amount of government debt. But every dollar’s worth of foreign claims on America is matched by 89 cents’ worth of U.S. claims on foreigners. And because foreigners tend […]
Tag: deficits
John McCain, letting his “maverick” out, in response to Tea Partiers who believe that the Democrats and Obama would get the full blame for a default: By that flawed logic, “Democrats wou
I know it will come as little surprise to LGM readers, and for those who have yet to see this, apparently the Bush tax cuts have a greater absolute responsibility for the current deficit / debt ceilin
as Silver writes about new Gallup data. Summarized, public opinion overwhelmingly prefers a mix of tax increases and spending cuts to the Republican’s zero tolerance approach to increasing revenue. The preferred mix by the public is 35% revenue, 65% spending cuts. Even the average Republican voter prefers a mix of 26% tax increases, 74% spending […]
Bernstein: It seems to me that one of the biggest differences between the current budget battle and the budget wars of the past (specifically the 1980s through Bill Clinton’s first term) is the
This is kind of fun, although obviously the most interesting decisions would fall outside or in between many of the presented choices. It would also be nice to have some options that allowed maintenan
Attackerman: Everyone in Washington who studies the Pentagon budget quickly finds gobs and gobs of wasteful spending. Not some people. Not dirty hippies. Every. Single. Defense. Analyst. If I was so inclined, I could spend my days doing nothing but attending conferences on the latest defense jeremiad or policy paper about how to cut it. […]
according to Mock the Week. Thanks to Simon Dyda and Brieg Powel for bringing this to my attention. It affords me greater optimism every time I look at my monthly pay stub to now know that HM Treasury