November 13th, 2012
November 2012 The so-called “fiscal cliff” dominates current American news. Almost everyone agrees that the federal government deficit needs to be reduced, and the vast [...]
October 15th, 2012
October 2012 Current news reports and commentary provide daily insight into the challenges that will occur if Congress and the President are unable to reach [...]
October 1st, 2012
October 2012 The World Economic Forum is a Swiss non-profit foundation founded in 1971 that is best known for its annual worldwide and regional meetings [...]
August 28th, 2012
August 2012 On August 2, the “Pathway to Job Creation through a Simpler, Fairer Tax Code Act of 2012” (H.R. 6169) passed the full House [...]
September 8th, 2011
August 2011 The Federal Reserve made a rare promise to hold short-term interest rates near zero through at least the middle of 2013. In so [...]
August 17th, 2011
August 2010 Economists are known for their dry writing style. Consequently, International Monetary Fund (IMF) reports are difficult to read, and are largely ignored by [...]
August 1st, 2011
July 2011 Serious disagreements exist as to how to “solve” the “debt crisis” prior to the August 2nd deadline. Actually, the debt is simply the [...]
May 17th, 2011
May 2010 The Patient Protection and Affordable Care Act (PPACA) was signed into law by President Obama on March 23, 2010. The related Health Care [...]
April 17th, 2011
April 2011 Last week, credit rating agency Standard & Poors changed its outlook on U.S. government debt to negative. The stock market had a bad [...]
March 17th, 2011
March 2008 The U.S. federal government recently released “The Citizen’s Guide to the 2007 Financial Report of the United States Government”. This is the first [...]
March 17th, 2011
March 2011 The Government Accountability Office (GAO) again reported that it “cannot render an opinion on the 2010 consolidated financial statements of the federal government, [...]
March 17th, 2011
March 2010 In the beginning of February, Moody’s Investors Service warned that the triple-A sovereign credit rating of the United States would come under pressure [...]
November 17th, 2010
November 2010 In August 2010, we summarized an International Monetary Fund (IMF) report that concluded the U.S. is broke. Last week the Government Accountability Office [...]
October 17th, 2010
October 2010 This summer, a pair of university professors released a study regarding the size of state government pension obligations, and possible solutions to the [...]
January 18th, 2007
January 2011 The federal deficit’s unsustainable levels have received significant media attention. Less attention has been paid to similar large problems the states face. However, [...]