BRYAN CAPLAN
May 7, 2013
Keynesian Bets: What's Out There
May 6, 2013
Keynesian Bets Bleg
May 6, 2013
The Pyramid of Macroeconomic Insight and Virtue
May 2, 2013
A Natalist Provision
May 1, 2013
I Was a Teenage Misanthrope
DAVID HENDERSON
May 5, 2013
John Thacker on Vaccinations and the Sequester
May 3, 2013
Chef Rudy's Virtues Project
May 2, 2013
My take on Reinhart and Rogoff
May 1, 2013
Medicare Kills a Program
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That's what I call common sense!
1. Talk of default is disingenuous. Tax revenues more than pay for the $400 billion in interest payments per annum so long as that does not rise.
2. Credit ponzis that require perpetual inflation even when it means the mass theft of purchasing power of all Americans do not end well. And they DO end.
3. You guys can lie and distort as much as you want but at the end of the day, you are incorrect, rates are at zero, Fed is printing and debts per capita are at records NOT including private and municipal debt OR underfunded and unfunded liabilities. It is only a matter of time now.
4. Enjoy the goldbugs hysteria that YOU are creating. Gold is useless but we might be subjected to it since yu guys can't understand that ALL credit creation must be backed by collateral or it is excessive and burns off.
Can we start a campaign to eliminate the term "retirement age"? It's badly misleading and serves the interests of the pro-entitlement factions by implying that the government is dictating when you can retire. Of course it's not doing that. The correct term would be "eligibility age."
@Richard,
Well said. I agree.
Any details? This looks like fantasy economics. They are talking about cutting 50% of the budget without touching defense. Need to see the details on Medicare and Social Security.
Steve
A world in which this is the baseline budget is pretty much a world without liberals, no? Seems a bit mean spirited to wish non-existence on people who disagree with you.
No department of Commerce means no BEA or BLS. That should be interesting.
Steve
What is the point in having a BEA, it's not like any policy is based on economics anyway. Both BLS and BEA produce data that would be produced by private organizations for 1/50th the cost if they wren't already being produced by the government.
Whatever the merits and sure there is much to like about it, it's DOA politically unless the Republicans sweep both houses and the Oval Office. In any case, there is much more to add in terms of eliminating ag subsidies, tax expenditures and frankly as a political matter they need to couple this with a middle class tax cut,a hike on taxing the wealthy. They should also provide for the cuts to be phased in over 4 or 5 years rather than instantaneous.