The Innumeracy of the Republican Party

Even if we adopt the “Cut, Cap and Balance” plan, tax hikes are a necessity.

Wall Street Journal: The House GOP’s Balanced Budget Amendment Is A Bad Idea

One of the GOP’s staunchest media allies isn’t too impressed with their Balanced Budget Amendment.

US Capitol Rotunda US Capitol Rotunda

Moody’s Is Right, Eliminate The Debt Ceiling

Moody’s is on the right track. The current debt ceiling law has done more harm than good.

Balanced Budget Nonsense (Part II)

Let’s look at the actual proposal.

The Economy And The 2012 Elections

It isn’t just President Obama who should be worried about the economy next year.

GDP Alone Does not Tell the Development Story

Yes, China’s GDP growth has been impressive for some time now, but it is not the sole way to understand development.

Should We Be More Like China?

I’m continually shocked when demonstrably bright and accomplished people fall in love with authoritarian states.

White House To America: Pay No Attention To Those Bad Economic Numbers

The White House would really appreciate it if you didn’t pay attention to all that bad economic news.

The Balanced Budget Amendment Is A Bad Idea

House and Senate Republicans are pushing a Balanced Budget Amendment. It sounds like a good idea, but it isn’t.

UCLA Forecast: More Slow Growth

More slow economic growth, the L-shaped recession.

U.S. in Worse Shape than Greece

We might be looking at a potential fiscal crisis.

Tim Pawlenty’s Fiscal Plan: Too Good To Be True

Tim Pawlenty’s new fiscal plan isn’t very grounded in reality.

Mitt Romney: Defender of the Free Market

To the shock of no one, Mitt Romney announced his bid for the GOP presidential nomination today.

The Eurozone Crisis Won’t Just Go Away

Despite what appear to be the fond hope of European central bankers that it will just all go away, something needs to be done. But what?

Economic Horror Show

And even more bad news.

We Are On the Verge of Great, Great Depression

All in all, not looking like it will be a fun summer.

Economic Growth Slows In First Quarter. What If This Is As Good As It Gets?

Will days of strong economic growth ever return? And what happens if they don’t?

Obama: Moderate 90s Republican?

Obama’s main politics are hardly as leftist as many make them out to be. Indeed, much of them could have fit well in the the GOP of 1990s and early 2000s.

Stupidly, House GOP Appears To Take Taxes Off The Table In Future Budget Talks

The GOP seems to be telling President Obama that revenue increases are off the table. That’s a huge mistake.

Is Lack of Investment Holding Back the Recovery?

People and businesses are sitting on cash out of fear, creating a vicious cycle.

Japan Disaster and Broken Window Fallacy

Can the massive destruction caused by the Japanese earthquake, tsunami, and nuclear meltdowns stimulate the economy?

Moodys: GOP Spending Cut Plan Could Cost 700,000 Jobs

Moodys warns the the Republican plan to cut spending could cost the economy 700,000 jobs.

The cost of doing nothing The cost of doing nothing

Less Than Zero

The Social Security “trust fund” may actually be worse than worthless.

Taxes At An All-Time Low; Deficits At An All-Time High

The drive to cut taxes is at the heart of the budget mess.

President Obama Drops The Ball On Deficit Reduction

President Obama’s new budget involves nothing less than a thumb in the eye of anyone who hoped he would seriously address federal spending in his first term.

Who’s A Conservative?

While most Americans consider themselves “conservatives,” some conservatives exclude most Americans from the definition.

How Much Does Russia Spend On Highways?

Does Russia really spend more on roads than we do?

Time To Put Defense Cuts On The Table

With just over a week to go before the 112th Congress convenes, battle lines are already being drawn in battle over the defense budget.

Why Does USA Outspend G7 on Healthcare?

The US has always outspent our G7 brethren on healthcare but the divergence has skyrocketed over the last three decades.

The Failure of “Starve the Beast”

The Republican talking point that lowering taxes lowers spending and raising taxes increases spending is denied by reality.

Slow Economic Growth: The New Normal?

Another round of GDP growth figures are out, and they show that the U.S. economy continues to grow far slower than necessary to sustain job growth. Is this a temporary problem, or something we can expect to live with for the foreseeable future?

Rising China

While the American economy languishes, China is booming again.

OTB Radio – Tonight at 5:30 Eastern

Tonight’s topics: The foreclosure mess, low GDP growth, and the world-wide Tea Party.

Recession Over ? Most People Don’t Think So

The numbers tell us we’re not in a recession, but the public thinks otherwise.

Bad Graphs Mislead More Than 1000 Words

A case study in how one’s choice of graphing techniques can shape a debate over known data.

Great Recession Ended June 2009

Great news, everybody: The biggest economic calamity since the Great Depression has been over for well over a year.

The Risk of a Fiscal Crisis

The CBO sees a clear threat of a fiscal crisis during the next two decades unless we’re saved by magic ponies.

Is America Too Genteel?

David Brooks blames our economic woes on a change from a culture that valued productive work to one of gentility. And Bill Cosby.