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    Apr 16, 2013 |Story| Los Angeles Times

  1. How an Excel error fueled panic over the federal debt

    One of the most fearsome statistics in the war against the federal deficit has always been the country's ratio of debt to gross domestic product. When this ratio reaches 90%, the argument goes, watch out -- lower economic growth is on the horizon. And that's scary, because that's where the U.S. has been heading.
    One of the most fearsome statistics in the war against the federal deficit has always been the country's ratio of debt to gross domestic product. When this ratio reaches 90%, the argument goes, watch out -- lower economic growth is on the horizon. And...

    Tags: Politics, Productivity, Public Finance, Economic Indicator, Paul Ryan

    2. Apr 15, 2013 |Story| Baltimore Sun

  2. Obama budget will lead to disaster

    In response to your editorial "Put up or shut up" (April 11), I just have one question: What part of economics don't you understand? You mention that the president wants to "reduce deficits to a manageable size." Yet in his budget he proposes growing...

    Tags: Federal Reserve, Budgets and Budgeting, George W. Bush, Economic Indicator, Barack Obama

    3. Apr 11, 2013 |Column| Orlando Sentinel

  3. A lazy budget

    WASHINGTON -- There is something profoundly timid about President Obama's proposed $3.778 trillion budget for 2014. Stripped of boasts about "investments" for the future and a responsible "balance" between deficit reduction and economic growth, the budget is a status-quo document. It lets existing trends and policies run their course, meaning that Obama would allow higher spending on the elderly to overwhelm most other government programs. This is not "liberal" or "conservative" so much as politically expedient and lazy.
    WASHINGTON -- There is something profoundly timid about President Obama's proposed $3.778 trillion budget for 2014. Stripped of boasts about "investments" for the future and a responsible "balance" between deficit reduction and economic growth, the budget...

    Tags: Personal Weapon Control, Medicaid, Inflation and Deflation, Medicare, Health Insurance

    4. Apr 5, 2013 |Story| Petoskey News

  4. Where US economy has, and hasn't, yet recovered

    WASHINGTON (AP) — From household wealth to spending at stores, many of the U.S. economy's vital signs have recovered from the damage done by the Great Recession.
    WASHINGTON (AP) — From household wealth to spending at stores, many of the U.S. economy's vital signs have recovered from the damage done by the Great Recession. Home foreclosures and layoffs have dropped to pre-recession levels. Economic output...

    Tags: Federal Reserve, Career and Workplace, Layoffs and Downsizing, Employment Opportunities, Washington, DC

    5. Apr 5, 2013 |Story| Los Angeles Times

  5. To create jobs, the U.S. must spend

    Just before the congressional spring break, a Senate budget proposal to decrease, but not eliminate, the deficit over 10 years was denounced as "pro debt" by an Alabama senator. It was the kind of proud and loud anti-deficit rhetoric that, no matter how nonsensical, plays nicely into Washington group-think on the subject.
    Just before the congressional spring break, a Senate budget proposal to decrease, but not eliminate, the deficit over 10 years was denounced as "pro debt" by an Alabama senator. It was the kind of proud and loud anti-deficit rhetoric that, no matter how...

    Tags: Government, Federal Reserve, Career and Workplace, Employment Opportunities, National Government

    6. Mar 28, 2013 |Story| Los Angeles Times

  6. China's growth could plunge to less than 1% by 2030, study says

    China's zooming economy may feel the crunch in coming years as its workforce ages and productivity slips, potentially dragging down the global economy, according to a recent study.
    China's zooming economy may feel the crunch in coming years as its workforce ages and productivity slips, potentially dragging down the global economy, according to a recent study. In a worst-case scenario, economic growth in China could drop to less...

    Tags: United Nations, Federal Reserve, China, Productivity, Economic Indicator

    7. Mar 20, 2013 |Column| Orlando Sentinel

  7. The Cyprus confusion

    WASHINGTON -- Logically, what happens in Cyprus should stay in Cyprus. With a population of just over 1 million and an economy that's a mere 0.2 percent of the 17-nation eurozone, the country seems too small to matter on the world stage. Yet, that's where...

    Tags: Economy, Business and Finance, Cyprus, Brookings Institution, Financial Markets, Federal Bailout Funds

    8. Mar 6, 2013 |Column| Los Angeles Times

  8. Dow hits a record, but who's reaping the rewards?

    You've heard the old joke about the stockbroker showing a friend all the luxuries he's bought with the commissions paid by his customers — big house, big car, big yacht. And the friend asks, "But where are the customers' yachts?"
    You've heard the old joke about the stockbroker showing a friend all the luxuries he's bought with the commissions paid by his customers — big house, big car, big yacht. And the friend asks, "But where are the customers' yachts?" The joke needs...

    Tags: Stock Market, New York University, Federal Reserve, Jamie Dimon, Career and Workplace

    9. Feb 28, 2013 |Story| Los Angeles Times

  9. U.S. economy grew late last year, but barely

    WASHINGTON -- The U.S. economy barely grew late last year, thanks largely to a plunge in federal defense spending that in part was likely preparation for the budget cuts under the so-called sequestration. The nation's gross domestic product, or the...

    Tags: Petroleum Industry, Land Price, Government Debt, Ben Bernanke, Budgets and Budgeting

    10. Feb 27, 2013 |Story| Petoskey News

  10. How to fix US debt without hurting fragile economy

    WASHINGTON (AP) — An ax is scheduled to hit the federal budget Friday: Unless the White House and Congress reach a budget deal by then, automatic cuts will carve $85 billion out of the budget through Sept. 30 and $1.2 trillion over the next decade.
    WASHINGTON (AP) — An ax is scheduled to hit the federal budget Friday: Unless the White House and Congress reach a budget deal by then, automatic cuts will carve $85 billion out of the budget through Sept. 30 and $1.2 trillion over the next decade....

    Tags: Economy, Business and Finance, Defense, Medicare, Norway, Washington, DC

    11. Feb 25, 2013 |Column| Orlando Sentinel

  11. The True National Debt

    WASHINGTON -- How big is the national debt?
    WASHINGTON -- How big is the national debt? You'd think this would be an easy question. Surely we know how much the government owes. Unfortunately, it's not that simple. The true national debt could be triple the conventional estimate, anywhere from $11...

    Tags: Economy, Business and Finance, Government, Financial Markets, Banking, World War II (1939-1945)

    12. Feb 25, 2013 |Story| Los Angeles Times

  12. Most economists see 'sequestration' budget cuts as unavoidable

    WASHINGTON -- With just a few days to go before new government spending cuts are set to take effect, what are the chances that another eleventh-hour action will avert the latest impending hit to the economy?
    WASHINGTON -- With just a few days to go before new government spending cuts are set to take effect, what are the chances that another eleventh-hour action will avert the latest impending hit to the economy? Very little, according to a survey of...

    Tags: Government, Career and Workplace, Head Start, Employment Opportunities, Fiscal Cliff

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