The economic and financial turmoil in Greece has been in and out of headlines frequently over the last few months. The Greeks claim austerity measures have only made things worse, while the EU claims Greece continues to fail the austerity measure put in place to receive future bailouts. In this video, we explain what has […]
Newly reelected Greek Prime Minister Alex Tsipras expects that by early 2017 Greece will be able to access bond markets, from which it has been virtually cut off since it lost investor confidence in 2010. If it is unable to meet this timeline, it will be forced to rely on further bailouts or go bankrupt. […]
Last week, Canada elected a new Liberal Prime Minister, Justin Trudeau, who has vowed to massively boost public spending and run several years of deficits, arguing that the “infrastructure deficit” is bigger than the fiscal deficit. He claims that such stimulus spending will spur economic growth. But in the video below, economist Stephen Davies looks […]
Tweet The Congressional Budget Office just estimated that the federal budget deficit would reach $425 billion this year. That’s an additional $1,300 of debt for each American man, woman and child. The federal government could make a sizeable dent in that figure — without raising taxes or cutting spending — if it simply did a […]
The New York Times came out with an article last weekend claiming how much good raising taxes on the country’s wealthiest could do: [W]hat could a tax-the-rich plan actually achieve? As it turns out, quite a lot… the government could raise large amounts of revenue exclusively from this small group, while still allowing them to […]
Found these at Free Republic, the source attributed there was the Federal Reserve Bank of St. Louis. Some people say there’s a connection to these charts that rhymes with “o blah blah.” But I don’t see it… ;-/ Originally posted at http://americanirony.us/9-sad-little-charts-about-the-economy/.
There are so many ways to talk about the 10-year balanced budget plan Congress passed last week – the first blueprint of its kind since 2001. But when a 16-year old blogger asked Speaker Boehner, “Can you explain this debt to me so I can explain it to my friends?,” he went with a more […]