Amol Kapila
Joseph Lavorgna, chief U.S. economist for Deutsche Bank, was on The Kudlow Report yesterday talking about how various US corporations (including, Berkshire Hathaway, Proctor & Gamble, Johnson & Johnson, Abbott Labs, and Lowe’s Home Improvement) are able to issue two-year debt at lower interest rates than the Federal government right now. This tends to get [...]
Amol Kapila
Douglas Holtz-Eakin (former director of the CBO from 2003-5) recently published an excellent article in the New York Times documenting government deception regarding the budget numbers used to pass healthcare. To those who claim that the CBO considers the bill good for the federal budget, he has this to say (italics mine):
How can the budget [...]
Amol Kapila
From the National Center for Policy Analysis:
The disability program is already in a negative cash flow position and the retirement and survivor’s income program is expected to have a negative cash flow in 2010-2011.
The storm clouds are accumulating…