Category Archives: Federal budget

The Trump budget? US on track to borrow most money since 2008 financial crisis

By Brooke Seipel of The Hill The Treasury Department estimated in April that the annual deficit would boom this year, rising to $833 billion from roughly $665 billion in 2017. The cumulative deficit for the fiscal year is already $41 … Continue reading

Posted in Budget deficit, Donald Trump, Federal budget, Finance, The Hill

“This time is different” – Are those the four most dangerous words in economics?

The Flattening Yield Curve By Neel Kashkari, President of the Federal Reserve Bank of Minneapolis Today, policymakers are paying increased attention to the so-called flattening yield curve — the difference in yields between long-term and short-term Treasury bonds. For the past 50 … Continue reading

Posted in Big Data, Federal budget, Finance, Money, National debt, Thought-Provoking Analysis, United States

America’s Exploding Budget Deficit

By Martin Feldstein The federal government’s debt has risen from less than 40% of GDP a decade ago to 78% now, and the Congressional Budget Office predicts that the ratio will rise to 96% in 2028. While many blame the … Continue reading

Posted in Budget deficit, Federal budget

Should the GOP break the anti-tax pledge?

By Ken Feltman   Writing about people I know is never easy and, in effect, that is what Politico is asking when they ask me to write about whether Republicans should break their anti-tax pledge. Grover Norquist has had an enormous impact … Continue reading

Posted in Balanced Budget amendment, Congress, Elections, Federal budget, Finance, Ken Feltman at Politico, National debt, Organized labor, Political parties, Politics, President Obama | Tagged , , , , , , , , ,

Of smoots and gaffes

by Ken Feltman But smoots aren’t just any kind of graffiti. They’re smoots! (Massachusetts Metropolitan District Commission, the government body in charge of the Harvard Bridge)  In October of 1958, Oliver Reed Smoot was an MIT freshman and a pledge of … Continue reading

Posted in Elections, Federal budget, Journalism, Ken Feltman, Ken Feltman at Politico, Mitt Romney, Science | Tagged , , , ,