Tag Archive
Deficits and The Economy: Time To Get Worried?
The big question now has become: are we falling back into recession?
Who knows?
There is plenty of evidence mounting that the US economy is slipping back from its early recovery pace into a much lower, and therefore more risky, pace. The downward revision of first quarter GDP, from the original 3.1% to the more recent 2.7%… »
The Story So Far
I will be going away for the summer at the end of this week which leaves little time for further commentary until later this year. So I want to give my view of where we are in this recovery, and what I think are the remaining issues to be faced.
First, let’s all recall that the… »
A Pat On The Back
The New York Times offers us a good editorial this morning about the fuss being made over the potential loss of health care coverage for retirees now that the new reform law eliminates a subsidy that used to given to business.
It is a non-issue.
The subsidy being eliminated is one where companies were allowed to deduct,… »
Corporate Losses Due To Health Care Reform?
You may have read that some big companies are announcing very large charge-offs in their quarterly income statements due to the passage of health care reform. AT&T, for instance, took a $1 billion hit to its income. 3M, Boeing, Caterpillar, Deere, and Prudential are all among the companies who have announced similar charge-offs.
So, you should… »
Funny Math: Federal Debt Style
Politics can intrude all over the place. No more so than in the aftermath of the great health care fracas. The losing side seems hell bent on stirring up anger over the legislation and, equally, on totally misconstruing it. The simple fact is that the health care reform as it has been signed into law… »
Health Care Reform: A Budget Bargain?
I pity the poor folks at the Congressional Budget Office. They are constantly being thrown into politically sensitive situations, and then expected to retain impartiality. From what I know of them they try very hard to maintain their non-partisan status. So their involvement in the health care reform debate must be testing their neutrality to… »
Health Care and GOP Lies
Allow me to rant:
OK enough. Those of us who care about civil discourse are being drowned out by a torrent of diversion and outright lies propagated by Republicans who know better, but appear comfortable adding fuel to an already volatile mix.
I am referring to the myth being spread that Obama is trying to ram health… »