Showing Tag: "deficits" (Show all posts)

The obsession with the "Deficit"

Posted by Timothy McBride on Wednesday, March 13, 2013, In : Deficits 
The two parties have been locked in a battle for about a year now (if not longer) over the budget deficit.  Is that really what we should be arguing about?  Is that really what the issue is.  I say no, and that is not what what we should be arguing about.

First, the real issue should still be economic growth and jobs.  The recovery still is continuing, but it sluggish.  The National Bureau of Economic Research (NBER), which keeps track of these things, marked the official end of the recession ...

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Ryan "Budget": Where's the Missing $Trillion?

Posted by Timothy McBride on Tuesday, March 12, 2013, In : Deficits 
So many people are citing the many political and math problems with the newly revised (but hardly so) Ryan budget plan, 2013 edition, released today 3/12 [http://budget.house.gov/uploadedfiles/fy14budget.pdf ].

I have many of the same problems other have (about which I will likely write later) -- such as the at about 60-70% of the cuts come from health care, he starts with a non-starter that the Obamacare plan will be repealed which just will not happen, the plan has zero dollars of new revenu...

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Short-Term Deficits vs. Long-Term Deficits

Posted by Timothy McBride on Tuesday, March 5, 2013, In : Deficits 
Do people like Joe Scarborough really NOT understand the difference between short-term deficits and long-term deficits?  Apparently not.  [  http://www.huffingtonpost.com/2013/03/05/joe-scarborough-paul-krugman-charlie-rose_n_2810389.html?utm_hp_ref=business&ir=Business ]  The brain should be able to carry two thoughts at once, but maybe not in Washington DC.

In the short- and medium-run, deficits are falling, and rather fast.  The deficit as a percent of GDP is falling from a high of 10.1% of...
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About Me


Timothy McBride Timothy D. McBride, Ph.D. is a Professor at the Brown School, Washington University in St. Louis. Here you can find musings on health policy and other issues. Opinions are my own, and not those of my employer. Contact: mcbridetd@gmail.com