Let me outsource this topic to some others who’ve said it better than I could.
Category Archives: budget
The near-term U.S. fiscal situation
Here I briefly survey some recent developments.
Fiscal Slope Negotiations in the Context of Current Expenditures and Current Receipts
The latter is stabilizing at extremely low levels.
Maximizing GDP Growth with Minimal Budgetary Cost in the Face of the Fiscal Slope/Cliff
We can maintain momentum, while moving toward budget sustainability, by allowing the Bush tax rate cuts for incomes above $250,000 to expire
Links for 2012-11-10
A few links to some items I found of interest.
The Fiscal Cliff: International Implications
Most of the discussion has focused on the domestic repercussions of going off the fiscal cliff (or as my former colleague Chad Stone calls it, the “fiscal slope”). I think it important to remember that, as the single largest economy, policy in the US has profound implications for economic developments overseas. This is particularly true with the eurozone still in a fragile state, and China growing (relatively) slowly.
Romney/Ryan on FEMA and NOAA
With an update (10/31) “Obama cuts FEMA funding by 3 percent. Romney-Ryan cuts it by 40 percent. Or more. Or less.”.
From National Journal, Governor Romney on FEMA:
At Long Last, One Member of the 47% Where He Belongs!
Keynesians in the Congressional Research Service!
Or, more accurately, non-New Classicals in the CRS
Federal receipts and expenditures
I was interested to take a look at the trends in receipts and expenditures of the U.S. federal government over the last 40 years.