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January 3, 2005

Budget, Debt, and Deficits
Borrowing is Saving, Up is Down

Edmund Andrews of the New York Times provides the Rosetta stone that lets us decipher the Bush Administration’s plan to cut the deficit, which seems to be a plan to pretend to cut the deficit. Here i…

February 8, 2005

Chairman Greenspan: Do Not Worry, Be Happy

The Chairman gave policy makers a green light not to worry about the US current account deficit: the dollar’s existing fall will lead the deficit to turn around. The Chairman’s remarks also seem to …

July 9, 2006

Budget, Debt, and Deficits
A fringe benefit from over-paid CEOs

CEOs do still pay taxes.Edmund Andrews in the New York Times: The main reason [for the smaller than expected deficit] is a big spike in corporate tax receipts, which have nearly tripled since 2003,…

July 17, 2006

Budget, Debt, and Deficits
Edmund Andrews’ article on tax revenue volatility is a gem

Credit should be given where credit is due. I have a few quibbles with the lead of Andrews’ article.  Even if it sets up a compare and contrast, I never like anything that starts with “It was enough …

July 12, 2012

United States
Middle East Matters This Week: Syria’s Defections and Diplomacy, Egypt’s Power Struggles

Significant Middle East Developments Syria. UN Security Council members today began discussing a draft resolution on Syria in New York. Russia and the Western nations on the 15-member council have d…

Syria's president Bashar al-Assad meets UN Syria peace envoy Kofi Annan in Damascus on July 9, 2012 (Courtesy Reuters).