What’s Different About Today’s Government Deficit and Debt?
As of today, the U.S. government’s current deficit and debt are indeed currently at unprecedented levels for peacetime—once we account for them appropriately.
1 min read
I will continue to post in digest form (multiple items) for a while—no luck on migrating the blog just yet. Soon, though. Here are this week's items:
(1) From Dean Baker (hat-tip to Mike Prokosch, who says, "CEPR outdoes itself here"):
Profits on Citigroup Stock: Can They Be the Basis for Financing Stimulus?
the rest (pdf)
(2) From Robert Reich, from a while back on his blog, but still salient (hat-tip to L.F.):
Break Up The Banks
the rest of the post.
(3) Mark Engler on free trade and quakes (starting with Bill Clinton's mea culpa, which we mentioned a couple of days ago); hat-tip to Mark E. ;) :
"Free" Trade Makes Earthquakes Worse
the rest of Mark's post
That's all I've got for now--may post something on the weekend.