360° Coverage : Deficit advocates using fear to shred social safety net

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Deficit advocates using fear to shred social safety net

Source: Irish Times, Nov 12 2012, 6:45pm CST

Back in 2010, self-styled deficit hawks – better described as deficit scolds – took over much of our political discourse. At a time of mass unemployment and record-low borrowing costs, a time when economic theory said we needed more, not ...

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10

11 hours ago

Time for Plan B? IMF tells George Osborne to ease pace of spending cuts

Source: The Independent  |   May 22 2013, 9:33am CDT

George Osborne has been urged to put his austerity programme on hold by the International Monetary Fund in order to support the anaemic economy. The IMF’s recommendations, made at the culmination of its annual health check of the UK, effectively amount ...

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9

13 hours ago

The US National Spending and Debt

Source: Investopedia  |   May 22 2013, 6:52am CDT

As China celebrates 2013 and the year of the snake, we are looking at what could be the year of the Federal Budget -- more specifically our debt and how we will manage it for many years to come. The U.S. has been spen ...

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Update
8

27 weeks ago


Quote:
"The boom, not the slump, is the right time for austerity."


Source: Irish Times

 

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14 hours ago

Editorial: Deficits under control, but workers pay the price

Source: St. Louis Post-Dispatch  |   May 22 2013, 6:37am CDT

Remember the deficit? That big, bad existential issue that threatened the future of the U.S. economy and demanded an urgent, Pearl Harbor-like national response? The deficit hasn’t gone away, but the Congressional Budget Office reported ...

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6

1 day ago

Austere Illusions

Source: Project Syndicate  |   May 21 2013, 9:20am CDT

LONDON – The doctrine of imposing present pain for future benefit has a long history – stretching all the way back to Adam Smith and his praise of “parsimony.” It is particularly vociferous in “hard times.” In 1930, US President Herbert Hoover ...

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5

1 day ago

Inflation up, deficit down for Egypt in 2014: IMF

Source: Aswat Masriya   |   May 21 2013, 8:07am CDT

The consumer price inflation is projected to reach 10.9 percent by the end of the 2013 fiscal year and climb to 11.6 percent in 2014 as the Egyptian government implements subsidy cuts, according to International Monetary Fund' ...

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4

2 days ago

IMF says Washington cutting budget deficits too quickly

Source: Reuters Mobile  |   May 20 2013, 3:06pm CDT

WASHINGTON May 20 (Reuters) - The International Monetary Fund on Monday said the United States was getting carried away with a government austerity drive, offering some of the institution's bluntest criticism yet of Wa ...

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3

2 days ago

GOP’s goal isn’t deficit reduction. It’s gutting the safety net.

Source: The Washington Post  |   May 20 2013, 10:25am CDT

This morning, Reuters noted that the odds of a “grand bargain” on taxes and spending between Democratic and Republican lawmakers are rapidly diminishing — because the deficit is falling. “A sudden improvement in the outlook for the gove ...

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4 days ago

Us Politics

Source: Term Paper Warehouse   |   May 18 2013, 7:31pm CDT

The aim of this document is to assess the Obama administration’s performance on the economy, social policy, and foreign policy. To discuss the key factors that explains performance (so far) in each category. And to express my prognosis for future impr ...

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1

4 days ago

Falling US deficit renews austerity or growth debate

Source: AlterNet.org  |   May 18 2013, 11:33am CDT

Austerity or growth? Europe's struggling economies have faced the question without fully answering it in recent years, but the United States is on track to do both. Austerity or growth? Europe's struggling economies have faced th ...

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