U.S. Budget Proposal Analysis Tool (spending)

I missed this when it came out Feb 1, but an alert student pointed me to it.  The NYTimes has an excellent interactive visual breakdown of the U.S. Federal Budget spending.  It very graphically shows where the money goes and how much. Link: http://www.nytimes.com/interactive/2010/02/01/us/budget.html A couple of notes.  First, the graphic shows only spending and … Continue reading U.S. Budget Proposal Analysis Tool (spending)

Obsessing on Deficit When Unemployment Is 9% Is Silly

From Alan Blinder via Brad deLong (bold emphasis mine): Alan Blinder: The Economic Silly Season Is Upon Us: 'Debt ceilings' and 'job killing' spending are two dumb ideas. Obsessing on the deficit while unemployment is at 9% is another: Our country seems mired deeply in the silly season.... The silliness comes in at least four … Continue reading Obsessing on Deficit When Unemployment Is 9% Is Silly

There Was No “Stimulus” Spending in Aggregate

One of the claims that Tea Partiers, Republicans, and conservative/neo-liberal economists have been making for some time is that "the stimulus has failed". They conclude that Keynesian economics and economic policies are failures.  Since, like most claims of Republicans and other politicians, these assertions are usually repeated uncritically by the news media, it's close to … Continue reading There Was No “Stimulus” Spending in Aggregate