Category Archives: Economics

Look Out Below

The 2012 U.S. Presidential campaign focused, in large measure, on the efficacy of increasing taxes on wealthy Americans to help reduce the country’s unsustainable deficits and ballooning debt. Fuel for this debate is the fact that income inequality is now … Continue reading

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The Coming Fiscal Cliff – Jump!

Federal Reserve Chairman Ben Bernanke coined the term “fiscal cliff” to describe the situation which will begin in 2013 when income tax rates rise and federal spending declines. The non-partisan Congressional Budget Office (CBO) forecasts that a recession will likely occur under … Continue reading

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“It doesn’t make any sense” IV

How one state prioritizes the use of tax-payers’ money: Pennsylvania State University and football coach Joe Paterno renegotiated a contract which still had a year to run. The board of trustees acceded to practically all the family’s requests; the resulting package was … Continue reading

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Economic Growth: Cure-All or Curse

Most business and political leaders are on one side; they believe unrestrained economic growth is the answer to all society’s ills: unemployment, deficits, wars etc. Those with an equally shrill opposing position include many environmentalists and academics. They believe our natural … Continue reading

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“It doesn’t make any sense” III

Ethanol subsidies, first introduced in 1978 and expanded by Congress many times since, is one of the most egregious examples of ill-conceived government policy one can find. These subsidies have inflated food prices, undercut the competitiveness of U.S. cattle, hog … Continue reading

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“It doesn’t make any sense”

In his 2012 State of the Union speech, President Obama used the phrase, “it doesn’t make any sense,” a number of times to describe current policies he believes are wrong or ineffective. His examples ranged from giving tax breaks to … Continue reading

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Greetings from India

Two weeks into our journey to India and I am finally getting time to jot down some initial thoughts and impressions about this amazing, complex and incredibly hard to describe country. After travelling around at a frenetic pace, we have … Continue reading

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Time to Take Charge

Wideanglethinking.com has recently posted discussions about the U.S. budget deficit challenges. Current Federal budget policies put the U.S economy on an unsustainable path over the next decade—unless Congress and the president agree on spending cuts, tax hikes, or both. What … Continue reading

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Offensive Defense

The United States spends more on defense – 40% of the world’s yearly defense outlays – than the next seventeen nations combined. In fiscal year 2010, the U.S. defense budget accounted for about 19% of the total federal budget and 28% … Continue reading

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Homeland Insecurity

On and around September 11, politicians and the media did what one would expect; they honored those who died on 9/11/01 and congratulated those who have kept us out of harm’s way. Honoring the former is certainly appropriate as is … Continue reading

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