Monday, August 22, 2011

Jesse's Café Américain: The US Deficit In One Picture

Jesse's Café Américain: The US Deficit In One Picture: I like this graphic for several reasons, but especially because it puts everything in proportion with regard to the US' current obligation...

Sunday, August 21, 2011

Jesse's Café Américain: The US Deficit In One Picture

Jesse's Café Américain: The US Deficit In One Picture: I like this graphic for several reasons, but especially because it puts everything in proportion with regard to the US' current obligation...

Jesse's Café Américain: The US Deficit In One Picture

Jesse's Café Américain: The US Deficit In One Picture: I like this graphic for several reasons, but especially because it puts everything in proportion with regard to the US' current obligation...

Jesse's Café Américain: The US Deficit In One Picture

Jesse's Café Américain: The US Deficit In One Picture: I like this graphic for several reasons, but especially because it puts everything in proportion with regard to the US' current obligation...



Jesse:
The trust fund is not a store of wealth.
To tap the trust fund, new monies must be raised, expenses must be cut, or debt held by the public must be increased.
I'll take what's behind door 3, thank you.
The trust fund makes it no easier to pay benefits than if it did not exist.
Don Levit

Tuesday, May 17, 2011

Social Security News#links

Social Security News#links

Well, why not continue doing what we've always done.
Many government agencies say we are on a unsustainable path.
Well, so what?
Don Levit

Thursday, November 11, 2010

EconoSpeak: One Quibble with Brad DeLong’s Platform for the Bipartisan Technocrats#links

EconoSpeak: One Quibble with Brad DeLong’s Platform for the Bipartisan Technocrats#lin


Dean:
That sounds great.
Why not have the Fed buy up the debt held by the public and intragovernmental debt?
Then, we would be out of debt, right?
Don Levit

EconoSpeak: One Quibble with Brad DeLong’s Platform for the Bipartisan Technocrats#links

EconfffoSpeak: One Quibble with Brad DeLong’s Platform for the Bipartisan Technocrats#links








Folks:
This really seems like voodoo economics.
Do the Fed purchases increase debt held by the public or not?
A link to back that point would be helpful, particularly from a government agency.
Why doesn't the Fed buy all our debt (intragovernmental and debt held by the public)?
That way, we can have zero debt, yet still receive the interest payments, right?
Don Levit