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February 1, 2005

Budget, Debt, and Deficits
Show me, do not tell me

Apparently, W plans to tell the world he is now serious about fiscal discipline. Expect the need to control both short-term and long-term deficits to be a big theme in tonight’s State of the Union a…

August 16, 2005

Budget, Debt, and Deficits
Well, the 2005 fiscal deficit looks good …

I'll leave it to others (Brookings, Goldman, CBPP, DeLong with some help from Concord Coalition) to transform the CBO forecast into realistic projections.  Manipulating the CBO long-term budget forec…

August 19, 2005

Capital Flows
Iraq: What happened to US plans for an extreme makeover of the economy?

I agree with Mark Thoma more often than naught.   I certainly share his concern about the shifting sectoral composition of output (translated from economese to English, more jobs in housing), and, li…

August 25, 2005

Capital Flows
Peter Galbraith and Iraq

I think the folks over at TPM Café are right: David Brooks' latest New York Times column is a real flip-flop.  He has gone from celebrating the United States firm commitment to universal democratic p…

May 14, 2006

Budget, Debt, and Deficits
Not quite sure the federal debt is an “ungoverned force”

Despite what David Brooks says.  The rising debt seems to be a direct consequence of cutting taxes and raising spending -- decisions the Bush Administration made.    The US may not be able to stop Ch…