Two renouned economists's research paper, widely sited by austerity advocates in the US and Europe, had major flaws in methodology.
Paul Krugman says he doesn't see why long-term concerns should influence today's budget policy, but no good can come of delay, so putting off obligations only worsen the deficit.
A scene in the hit comedy perfectly illustrates how the GOP can lead us to economic growth, by pursuing entitlement reform.
If our political leaders can focus on the size and scope of the government, military spending, entitlements, and tax reform, we can eliminate our federal debt within the next 20 or so years.
Paul Krugman says “death panels and sales taxes” are the way out of the debt crisis. The mantra is at odds with a nation founded on the rights of “life, liberty, and the pursuit of happiness."
The U.S. debt obsession is putting deficit reduction ahead of economic growth and is the main reason for our weak recovery.
The debt ceiling is the amount of money the U.S. government can borrow to pay bills. It has nothing to do with new spending. These are simple facts.
In a letter to congressional leaders Wednesday, Treasury Secretary Timothy Geithner said the government will hit the $16.4 trillion debt limit on Dec. 31.