The Radford Free Press – Page 618 – All life is problem solving.

Economics, Politics / deficits, Federal Budget, plutocracy, tax cuts /

The Republican Budget Deficits – Plutocracy on The Rise?

June 13, 2006

I originally posted this as a response to a comment to my note yesterday abouty the US budget deficit. My correspondent was advocating “pro-growth tax cuts as a restraint on government spending”. Here is my post: Your argument is the traditional right wing one of small government advocacy. I don’t buy it. Because you don’t […]

Economics / Federal deficit, fiscal policy /

US Budget Deficit Creeps Up

June 12, 2006

The BBC reports that the US budget deficit rose unexpectedly in May. Here’s their report: US budget deficit higher in May There are some “technical” factors making the increase temporary: the medium term outlook is still for a slight improvement for the current fiscal year. We shouldn’t get excited though. The very existence of a […]

Economics / home prices, recession /

Housing Prices Still Overheating

June 12, 2006

A study just released here: Global Insight: 1st Qtr. Housing Report shows that the amount of housing in America that is overpriced markets is rising, rather than falling. This is despite the softening of house prices. Typically home prices fall by about half the level of overvaluation, and the adjustment takes around three years. So […]

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