Take a look at this Washington Post article by Jonathan Weisman, which the big blogs have justly pounced on. The initial framing of Weisman’s article is just way, way off. Social security in no way…

We now know the trade deficit hit $618 billion for the year (5.35% of GDP) Exports: $1146 billionImports: $1764 billionThe good news in December was the uptick in exports; the bad news was that the f…

The Washington Post put out an oped on the partial privatization of Social Security over the weekend, which Kevin Drum appropriately jumped on.One item in the oped jumped out at me:The second risk i…

That, of course, that is not what the Bureau of Economic Analysis reported today. Rather, the BEA reported that at the end of 2004, the net external debt of the US (with FDI at market value) was onl…

In 2006, the increase in the assets of the Social Security system ($185b) will almost certainly exceed the combined increase in the assets of the Russian Central Bank ($107.5b) and the Saudi Arabian …