The Radford Free Press – Page 184 – All life is problem solving.

Economics / austerity, debt ceiling, demand, economic policy, fiscal cliff, GDP, government spending, growth, Keynes, Obama, Republicans, Simpson-Bowles, Social Security /

Shrinking Deficit

May 15, 2013

We have been bombarded for the past few years by an endless stream of analyses, diatribes, and invectives about the horrors associated with the Federal deficit. The tide of red ink that began to flood Washington at the end of the Bush administration and which has abated only slowly under Obama became a feature of […]

Economics / austerity, debt ceiling, Federal deficit, government spending, Keynes /

What Is US Federal Debt Worth?

May 14, 2013

Dean Baker raises a fun point albeit to disparage the much deserving Reinhart-Rogoff 90% analysis. His point is that there is a difference between the publicized value of the US debt and its current worth. This difference, as every finance major can tell you, is because US debt is issued and redeemed at par and […]

Economics / austerity, Federal deficit, GDP, government spending, growth, Obama, Republicans /

A Picture Of History

May 13, 2013

There is no serious effort in Washington to deal with our so-called debt crisis. I would like to think this is because people realize we don’t have one, but a more realistic interpretation on non-events is that the Republicans are stuck in a rut of obstruction. They have no policy other than to contradict whatever […]