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www.keithhennessey.com
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| | | | | Whether the President's budget represents an improvement or harm isn't that important to me. Arguing about deficit reduction is something of a distraction. We should instead focus on the deficits that would result from a particular set of policy changes. If the resulting deficits are too big, then we need to make bigger policy changes so that the resulting deficits are acceptable. The post Should we care about deficit reduction or deficits? appeared first on Keith Hennessey.... | |
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www.keithhennessey.com
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| | | | | The White House is marketing the President's new deficit reduction proposals as "A Balanced Approach." THE PRESIDENT: Now, I'm proposing real, serious cuts in spending. When you include the $1 trillion in cuts I've already signed into law, these would be among the biggest cuts in spending in our history. But they've got to be part | |
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www.keithhennessey.com
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| | | | | While the President and his team are using the phrase "balanced budget" in their short-term goal for the Fiscal Commission, the actual goal is to reduce the budget deficit to no more than 3.0% by 2015. That is a very weak fiscal policy goal, resulting only in stabilizing debt as a percentage of the economy. The post What is the goal of the President's Fiscal Commission? appeared first on Keith Hennessey. | |
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www.mindingthecampus.org
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| | | Student loans operate very strangely in this country. A student borrows money from the federal government to pay for higher education expenses-thus, there are three parties involved (the student, the government, and the college or university). But only two of them face any risk from the loan. The student faces severe financial consequences if he [...] | ||
