Tag Archives: government spending

What’s the Real Federal Debt?

$222 trillion? That’s the “fiscal gap” as recently published by the Congressional Budget Office. The fiscal gap is the most realistic long-term budget forecast that the CBO can make (and it’s known for using rosy assumptions about U.S. economic health). … Continue reading

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Scary Debt Analysis

Thanks to my reading and teaching schedule, I’ve been unable to post much on current events the past couple of months. However, I simply must post a link to this interview with former White House budget director David Stockman. Stockman … Continue reading

Posted in Current Events, Economics | Tagged , , , | 4 Comments

Taxing and Spending

In Chapter 16 of Foundations of Economics Shawn Ritenour gives a detailed discussion of the economic impact of taxation and government spending. Government participates in the monetary economy because it is the most efficient way for it to secure the … Continue reading

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