Tag Archives: budget deficit

A Simple Picture

Trying to make sense of economics, the dismal science, is a pretty thankless task, especially with the sharp political divide in Washington and the myriad ways of expressing statistics. Nevertheless, with the Great Recession and stubbornly high unemployment, economics is … Continue reading

Posted in Economics | Tagged , , , , , , , , , , , , | 24 Comments

An Historic Failure

My conservative blogging colleague, Anson Burlingame, called my attention to an article in todays Washington Post, Origins of the debt showdown. I did find it “instructive”, as he suggested I would. It is a good chronology of how Tea Party … Continue reading

Posted in Economics, Politics | Tagged , , , , , , , , , , , | 57 Comments

Beguiling Simplicity

Mollie and I have been out of the country for a week. Talk about timing! The cause du jour of course is the debt ceiling crisis being played out, emotionally, both on Capital Hill and throughout the world. It really … Continue reading

Posted in Economics, Politics | Tagged , , , , , , | 7 Comments

Into The Abyss

A balanced but alarming Time Magazine  editorial led off saying today, As the U.S. hurtles toward a potential debt-limit default that would shake the fragile economy, the chasm between the two parties widened on Tuesday, as Republican opposition to tax increases … Continue reading

Posted in Economics, Politics | Tagged , , , , , , | 19 Comments

A Spender’s Memoir

Consumers know that it is psychologically easier to spend with plastic than it is with cash.  Cash seems more real, does it not?  Why is that?  I would say that the difference is the time factor.  With cash, the money … Continue reading

Posted in Economics, Fiscal Policy, Politics | Tagged , , , , , , , , , , , , , , | 16 Comments

The Elusive Palace of Wisdom

Perhaps this would be a good time to summarize the many roots of America’s financial malaise.  While most pundits bemoan its symptoms, they tend to shun its root causes.  Symptoms include the high costs of gasoline, air fares, baggage fees, … Continue reading

Posted in Economics | Tagged , , , , , , , , , , , , , , , , , , | 18 Comments