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    Economics / austerity, fiscal cliff, GDP, government spending, growth /

    Last Minute Cliff Notes

    December 29, 2012

    In short: The US does not have a budget deficit problem. The current deficit is directly a result of the collapse of the economy. It is cyclical not structural. Thus we have a growth problem. Return our economy to growth and the budget gap substantially disappears. Further, our cycles are becoming more exaggerated because of […]

    Commentary / fiscal cliff, plutocracy /

    On With The Absurd

    December 28, 2012

    One can understand why Republicanism was not afraid to make for itself a tenet of total revolt, complete insubordination, of sabotage according to rule, and why it still expects nothing save from violence. The simplest Republican act consists of dashing down the street, pistol in hand, and firing blindly, as fast as you can pull […]

    Economics / Case-Shiller Index, Conference Board, consumer confidence, GDP, home prices, jobless claims /

    Latest News

    December 27, 2012

    Yes it’s hard to focus at this time of year under the best of circumstances. This year is even worse. The background noise provided by the lack of active negotiation over the so-called fiscal cliff, and the Treasury Department’s sudden discovery that we will hit the debt ceiling at year’s end, drown out any day […]

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