It all started after 9/11 when George Bush and the Republican Controlled Congress decided to spend more money than what the government took in. That meant the government had to borrow money. Who did the government borrow money from? Not from your rich Aunt in Topeka or Americans like her. No our creditors are now the likes of the Chinese, Indian, Japanese Central Banks. Big deal you say deficits aren't bad. Well deficits are beneficial in the short term as a means to jump start the economy...Read Full Story
W's recipe for disaster: Cut taxes Raise spending Increase debt and deficits to record levels Get into an expensive prolonged war without an exit strategy Don't balance the budget. Dick Cheney said deficits don't matter. However, Greenspan , Buffet and 99% of the world's economists disagree. Cheney has no training in economics. By the way Cheney said Saddam had WMD and that there was a connection between Saddam and Bin Laden Have government borrowing crowd out corporate borrowing (the...Read Full Story
Report by Terry Kroup, VA Chapter In a nation lead by self centered, power-hungry robber-barons, many Americans find it amazing that nearly every member of Congress can work so well together in a calculated effort to deprive the citizenry of the rights guaranteed them by the U.S. Constitution. “The key to their unparalleled working success,” according to an unnamed DC insider, goes by the name of Warren Buffet.” One need only to spend a few hours with any one of the countless old-time...Read Full Story
Elizabeth Alexander
It has been over a couple of weeks since the inauguration of President Obama. I wanted to look back on that day and especially on the poem that was read by Elizabeth Alexander. It was only the 4 th time in our nation’s history that a poet read a poem in that ceremony. It brings up powerful imagery that now has special resonance as we look back to that event a few steps forward in time from it.
Praise Song for the Day
By: Elizabeth Alexander
Each...Read Full Story
Actually, read the links. WTO actually ENCOURAGES any nation with more than 10% trade deficits to run tariffs. The reason is that unbalanced trade is not good for any nation.Had W/neo-cons not ran up deficits during the 00's, then China would have been in a world of hurt. China has a massive surplus and had to put the money SOMEWHERE. Well, had W not ran up deficits, China would have either had to buy our goods, or another nation's goods, or...
The Pakistan State Bank kept the policy interest rate unchanged at 12 per cent on Saturday, saying the real challenge lay in financing the fiscal and external current account deficits. The Governor o .....
President Obama unveils a budget blueprint Monday designed to give the economy a shot in the arm while laying out a long-term plan to cut federal deficits, senior administration officials say. The new budget is designed to reduce deficits by $4 ...
Federal deficits are expected to fall over the next few years but then start to climb, pushing the nation's accumulated debt to levels not seen since just after World War II, according to new estimates from the Congressional Budget Office released Tuesday.
Executive functions describe a wide variety of higher order cognitive processes that allow the flexible modification of thought and behaviour in response to changing cognitive or environmental contexts. Their impairment is common in neurodegenerative disorders. Executive deficits negatively affect everyday activities and hamper the ability to cope with other deficits, such as memory impairment in Alzheimer's disease or behavioural disorders in...
There are two deficits that we hear about most: the budget deficit of the federal government's and the trade deficit of the American people. They are linked, but they are very different in their effects. At some point, the twin deficits will become unsustainable. Then the debtors will have a choice.
The Economist asks: Are persistent trade deficits a bad thing? Under what conditions are trade deficits benign, and under what conditions might they be a problem? My answer is rather text-bookish (I consulted Krugman and Obstfeld's International Economics text before...