Lost within the election buzz, and hidden behind Sarah Palin’s persistent lying, is the latest news from The Congressional Budget Office on the federal budget. I suppose that’s good news for John McCain because the news is not so rosy. The Federal deficit is projected to rise to $407 billion this year from last year’s$161 […]

Over at Slate, Daniel Gross has an interesting insight onto the Fannie Mae/Freddie Mac debacle: The Fannie Mae/Freddie Mac bailout may help American homeowners a little. It will help the People’s Bank of China a lot. This is a great example of the kind of economics we can now expect. Because of the appalling fiscal […]