foreignaffairsmagazine: Sequestration The automatic U.S….
foreignaffairsmagazine:
Sequestration
The automatic U.S. spending cuts known as “sequestration” will go into effect today. Here is where the money will be coming from.
This is what would happen if we breach the debt…
This is what would happen if we breach the debt ceiling.
Imagine we hit the debt ceiling Feb. 15. The BPC’s analysis suggests that federal spending over the next month will be about $450 billion. Federal revenues will be nearer to $277 billion. That…
Over the Cliff
newyorker:
John Cassidy on why there will be no great cause for celebration even if a fiscal cliff bill passes both chambers of Congress in the next day or two:
It’s a shoddy compromise that does credit to nobody involved, and it raises questions…
Is Growth Over?
Is Growth Over?: parislemon:
Paul Krugman for The New York Times:
Ah, you ask, but what about the people? Very good question. Smart machines may make higher GDP possible, but also reduce the demand for people — including smart people. So we could b…
