Archive for the ‘New Posts’ Category

Getting to a Trillion

June 28th, 2011

 If revenues are to be in the budget package that the President and Congressional leadership are now negotiating—and be in there, they must—they will almost surely come from cutting tax expenditures.   Those are the one trillion worth of tax revenues forgone each year due to tax breaks for various activities in the code.   Politicians of… Read more

Sweden vs US: Does Inequality Matter?

June 26th, 2011

Neil Irwin has a nice piece in today’s WaPo comparing how Sweden did in the global recession compared with other advanced economies.  Answer: a lot better. The piece cites better fiscal and monetary policy (the former, more prepared for a downturn; the latter, a more aggressive policy stance); a deeper, more reactive safety net; flexible… Read more