by jpitney | May 14, 2020 | Debt, Economic Policy
Coronavirus is accelerating the already-serious problem of federal debt. James McBride, Andrew Chatzky, and Anshu Siripurapu at the Council on Foreign Relations: The United States’ debt-to-GDP ratio is among the highest in the developed world. Among other major...
by jpitney | May 12, 2020 | California Politics, Coronavirus, Economic Policy, State Government
From the Rose Institute of State and Local Government at Claremont McKenna College — Written by Sevion DaCosta, Tara Mehra, Robin Peterson, Henry Schulz, and Nathaniel Tran, our newest report explores some of the ways the CARES Act is impacting state and local...
by jpitney | May 7, 2020 | Debt, Economic Policy
Former Senator Judd Gregg (R-NH) at The Hill: The deficit for this year is now projected to exceed $4 trillion. This makes the deficit approximately four times larger then any deficit ever wrung up before. The debt we will owe as a nation will exceed our gross...
by jpitney | Apr 25, 2020 | Coronavirus, Debt, Economic Policy, Uncategorized
An April 24 report from CBO: CBO has developed preliminary projections of key economic variables through the end of calendar year 2021, based on information about the economy that was available through yesterday and including the effects of an economic boost from...
by jpitney | Apr 21, 2020 | Economic Policy, Trade
During the crisis, some are saying that we should not rely on foreign countries in our supply chains. That notion is chimerical. Borrowing from a classic essay by Leonard Read, Milton Friedman once explained why it took thousands of people around the world to make a...
by jpitney | Apr 15, 2020 | Coronavirus, Debt, Economic Policy
From the Committee for a Responsible Federal Budget: The United States entered the current public health and economic crisis facing high levels of debt and trillion-dollar deficits. Due to the effects of the crisis and legislation enacted to combat it, debt and...
