tag:blogger.com,1999:blog-4900303239154048192.post2329235298465485151..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Those Ultra-Keynesians at the National Review and the Wall Street Oped PagesUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4900303239154048192.post-75672372021822031992013-05-04T05:47:44.695-04:002013-05-04T05:47:44.695-04:00Good information here. I really enjoy reading them...Good information here. I really enjoy reading them every day. I've learned a lot from them.<br /><br /><br /><a href="http://www.i-adapters.com/" rel="nofollow">i-adapters</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-8938206229081018392013-05-03T11:25:08.963-04:002013-05-03T11:25:08.963-04:00Don't be silly. The reference to ultra-Keynesi...Don't be silly. The reference to ultra-Keynesians is a cheap shot aimed at MMT.Benedict@Largehttps://www.blogger.com/profile/00447019763975829419noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-41576225547211486632013-05-03T05:47:51.057-04:002013-05-03T05:47:51.057-04:00The Bush 43 tax cuts were actually, er, "bett...The Bush 43 tax cuts were actually, er, "better" than that. See: http://georgewbush-whitehouse.archives.gov/news/usbudget/blueprint/budiii.html<br /><br />"Over the next 10 years, the Federal Government is projected to collect $28 trillion in revenues from American taxpayers. The President's Budget devotes roughly $22.4 trillion to extend the Government we have today, including the President's new initiatives.<br /><br />This leaves a $5.6 trillion surplus. The President's Budget takes a cautious approach to allocating this staggering sum, starting by saving the entire Social Security surplus—nearly 50 percent of the total surplus—for Social Security and debt retirement. None of the Social Security surplus will be used to fund other spending initiatives or tax relief.<br /><br />By devoting these revenues to debt retirement, the Nation will be able to pay off all the debt that can be redeemed—an historic $2 trillion reduction in debt over the next 10 years. The only remaining debt will be those securities with maturity dates beyond 2011. In all likelihood, American taxpayers would have to spend an additional $50 to $150 billion in bonus payments to bond holders to accelerate the repayment of those notes, a wasteful and senseless transaction. It makes more sense to allow the securities to mature naturally, leaving the Nation on a glide path to zero debt post 2011."<br /><br />Not long afterwards, such luminaries as Alan Greenspan (http://www.federalreserve.gov/boarddocs/speeches/2001/20010427/) became concerned about the effects we would be seeing on paying down the debt. One of the effects was, naturally, lower interest rates. Mike Kimelhttps://www.blogger.com/profile/08242504119580193377noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-62978196728339934612013-05-03T00:43:06.399-04:002013-05-03T00:43:06.399-04:00Time for the two minutes Chait
http://nymag.com/d...Time for the two minutes Chait<br /><br />http://nymag.com/daily/intelligencer/2013/04/david-brooks-and-the-role-of-opinion-journalism.html<br /><br />2. Don’t debate straw men. If you’re arguing against an idea, you need to accurately describe the people who hold them. If at all possible, link to them and quote their argument. This is a discipline that forces opinion writers to prove that they’re debating an idea somebody actually holds. And quoting the subject forces them to show that somebody influential holds it — if the best example of the opposing view is a random blog comment, then you’re exposing the fact that you’re arguing against an idea nobody of any stature shares. This ought to be an easy and universal guideline, but in reality, it’s mostly flouted.<br /><br />However, R-R have always been at war with Eastasia.Roberthttps://www.blogger.com/profile/14455788499385673507noreply@blogger.com