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September 22, 2004

China
Congressional Testimony: China's Environmental Challenges

Statement of Elizabeth C. EconomyC.V. Starr senior fellow and director, Asia studies, Council on Foreign RelationsSubcommittee on Asia and the PacificHouse International Affairs Committee Septe…

January 2, 2005

Budget, Debt, and Deficits
Social Security Crisis in 2018? Ridiculous

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…

February 10, 2005

United States
December trade

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…

February 21, 2005

Budget, Debt, and Deficits
The confused conservatives on the Washington Post oped page …

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…

June 30, 2005

United States
US net foreign debt on track to rise to $3.7 trillion, 30% of US GDP, at end of 2005

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…