Michael Perelman reports with NPR's help about how the Republicans shut down the FAA in mid-July for nearly 4 weeks as a favor to Delta Airlines. Basically, in July the law authorizing the FAA, the agency that supervises airport and airline safety,including flight controllers, expired. Normally this would be a routine renewal effort. Even in … Continue reading Republicans: What Deficit? We Need to Stop Unions First.
In the comments to my post on the extraordinarily weak 2nd qtr 2011 GDP numbers a reader asks for my thoughts about debt-to-GDP ratio and "how can we afford more stimulus"? Since my response will be a little long and others might be interested, I'll post it here. Reader AZLeader asks: Here are some other GDP … Continue reading But What About National Debt-to-GDP Ratio? Not a Problem, Really