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The public debt-to-GDP ratio is, perhaps, the most important measure used in discussions of the relative fiscal sustainability of nations. Nations with high levels of debt-to-GDP are viewed as ...
by Letsgetitdone
Comment Count 5 comments on Tue Mar 17, 2015 at 07:27 PM PDT with 5 Recommends
This is the concluding post in a four part series on the “Top” reasons why the national debt should matter. In Part One, I considered “Fix the Debt's��
by Letsgetitdone
Comment Count 9 comments on Tue Aug 27, 2013 at 03:15 PM PDT with 7 Recommends
In Part One of this series, I considered “Fix the Debt's” claim that high levels of debt cause high unemployment and gave a few reasons why this is ...
by Letsgetitdone
Comment Count 3 comments on Mon Aug 26, 2013 at 04:13 PM PDT with 8 Recommends
In Part One, of a critique of the most important of "Fix the Debt's" reasons for "Why the National Debt Should Matter To You," I asserted ...
by Letsgetitdone
Comment Count 8 comments on Sun Aug 25, 2013 at 02:32 PM PDT with 13 Recommends
I came across a post from the “Fix the Debt” campaign last month called “The Top Five Worst Reasons Why the National Debt Should Matter to You.” It's a post full of debt/deficit lies that ...
by Letsgetitdone
Comment Count 13 comments on Sat Aug 24, 2013 at 11:41 AM PDT with 9 Recommends
The purpose of this diary is to arm the righteous with a refutation for austerity that can be delivered on any elevator ride. The purported objective of austerity measures (tax hikes and spending ...
by wigwam
Comment Count 3 comments on Tue May 07, 2013 at 05:04 PM PDT with 6 Recommends
This post is a more complete statement of my conclusions based on the analysis in Parts One and Two of this series. As I’ve explained in Part Two, ...
by Letsgetitdone
Comment Count 10 comments on Mon May 06, 2013 at 03:00 PM PDT with 10 Recommends
In Part One, I asked whether the Carmen Reinhart/Kenneth Rogoff study and book didn’t show that, on average, nations experiencing debt-to-GDP ratios above 90% had negative rates of ...
by Letsgetitdone
Comment Count 9 comments on Sun May 05, 2013 at 04:00 PM PDT with 12 Recommends
OK, austerity has always been about the causality. The people who are trying their best to get us to cut more and more spending, somewhat less than their best to get us to raise taxes, and who are ...
by Letsgetitdone
Comment Count 8 comments on Thu May 02, 2013 at 04:30 PM PDT with 13 Recommends
Warren Buffett's recent op-ed in the New York Times is making a stir because it calls for a minimum tax on high incomes above $One million annually. But I was much more interested in some deficit ...
by Letsgetitdone
Comment Count 15 comments on Wed Nov 28, 2012 at 07:00 AM PST with 13 Recommends
Obama for America, the campaign apparatus with the very large e-mailing list and great segmentation techniques that exploited Romney's weaknesses to help the President to eke out (yes, I know the ...
by Letsgetitdone
Comment Count 825 comments on Fri Nov 23, 2012 at 09:11 PM PST with 197 Recommends
Robert Reich has been writing a series on “the Grand Bargain” and the “fiscal cliff.” In this post, I'll do a commentary on his “The President's Opening Bid on a Grand Bargain (II): Put a ...
by Letsgetitdone
Comment Count 8 comments on Sun Nov 18, 2012 at 05:47 PM PST with 12 Recommends
Like many others, I'm not worried about the so-called fiscal “cliff,” and the ravages to the economy that are likely to occur if Congress doesn't do something about it before the end of the year.
by Letsgetitdone
Comment Count 49 comments on Thu Nov 15, 2012 at 07:17 PM PST with 12 Recommends
Many MMT posts and other writings on fiscal responsibility, including my own, focus on the myths of neoliberalism, pointing out why they are myths and developing an alternative MMT perspective in ...
by Letsgetitdone
Comment Count 22 comments on Mon Nov 12, 2012 at 06:11 PM PST with 21 Recommends
Many MMT posts and other writings on fiscal responsibility, including my own, focus on the myths of neoliberalism, pointing out why they are myths and developing an alternative MMT perspective in ...
by Letsgetitdone
Comment Count 21 comments on Fri Nov 09, 2012 at 04:26 PM PST with 12 Recommends
Many MMT posts and other writings on fiscal responsibility, including my own, focus on the myths of neoliberalism, pointing out why they are myths and developing an alternative MMT perspective in ...
by Letsgetitdone
Comment Count 8 comments on Mon Nov 05, 2012 at 08:02 AM PST with 7 Recommends
Stephanie Kelton writes: The US is broke. Government deficits are de facto evidence of a government gone wild. We’re careening toward Greece. Entitlements are the root cause of our fiscal woes, ...
by Letsgetitdone
Comment Count 20 comments on Tue Oct 30, 2012 at 06:03 PM PDT with 15 Recommends
During Part One of this series, I approached the end of my post with this paragraph. Apart from the political opposition from the insurance companies that Medicare for All would have engendered, I ...
by Letsgetitdone
Comment Count 14 comments on Wed Oct 24, 2012 at 10:57 AM PDT with 11 Recommends
Who else thinks the President's speech didn't include any plans to create the 29 million full-time jobs for the dis-employed?
by Letsgetitdone
Comment Count 163 comments on Sun Sep 09, 2012 at 02:57 PM PDT with 17 Recommends
A report on protests at the Tampa convention appearing in the Hill (h/t Lambertstrether) partly focused on views about our economy and financial system of an Occupy protestor named Andrew Speirs. ...
by Letsgetitdone
Comment Count 89 comments on Wed Aug 29, 2012 at 10:35 AM PDT with 3 Recommends