Monthly Archives: September 2010

Republican Congressmen Pledge to Repeal the Laws of Arithmetic

The National Journal asks what would happen if the Pledge to America, proposed last week by congressional Republicans, were fully implemented.
     As I understand it, the authors of the “Pledge to America” want not just to renew permanently all Bush-era tax cuts, but also to balance the budget while exempting social security, Medicare, and military […] Continue reading

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NBER Eggheads Finally Proclaim End of Recession

              The NBER’s Business Cycle Dating Committee, of which I am a member, announced this morning that June 2009 was the trough of the recession that began in December 2007.    It was the longest recession since the 1930s.
              It is the fate of the Committee to be teased mercilessly every time we make one […] Continue reading

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