Showing posts with label Recession. Show all posts
Showing posts with label Recession. Show all posts
Tuesday, February 7, 2017
Thursday, May 12, 2016
Monday, December 30, 2013
Wednesday, October 9, 2013
Why The Debt Ceiling Isn't Your Family Budget
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Debt Ceiling Fight Isn't Business As Usual
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Tuesday, September 17, 2013
Friday, September 13, 2013
Five Years Since The Economic Collapse
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Wednesday, February 27, 2013
Deficit Reduction Equals Recession | Common Dreams
Deficit Reduction Equals Recession | Common Dreams
"The math is not difficult. The US has an annual GDP of $14 trillion, and the nation’s current $1 trillion in annual deficit spending is seven percent of its GDP. Growth in GDP has recently been running at about two percent annually (though in the last quarter of 2012 the economy actually contracted slightly). The relationship between deficit spending and GDP growth may not be exactly 1:1 but it’s probably quite close. The conclusion is therefore inescapable: doing away with a substantial portion of deficit spending would reduce GDP by a roughly corresponding amount, almost certainly causing the economy to tip over into recession."
"The math is not difficult. The US has an annual GDP of $14 trillion, and the nation’s current $1 trillion in annual deficit spending is seven percent of its GDP. Growth in GDP has recently been running at about two percent annually (though in the last quarter of 2012 the economy actually contracted slightly). The relationship between deficit spending and GDP growth may not be exactly 1:1 but it’s probably quite close. The conclusion is therefore inescapable: doing away with a substantial portion of deficit spending would reduce GDP by a roughly corresponding amount, almost certainly causing the economy to tip over into recession."
Friday, February 15, 2013
Cost of Financial Crisis Tops $22 Trillion - Truthdig
Cost of Financial Crisis Tops $22 Trillion - Truthdig
"The 2008 financial crisis cost the U.S. economy more than $22 trillion, a study by the Government Accountability Office published Thursday said."
"The 2008 financial crisis cost the U.S. economy more than $22 trillion, a study by the Government Accountability Office published Thursday said."
Tuesday, February 12, 2013
The Richest 1 Percent Have Captured 121 Percent Of Income Gains During The Recovery
The Richest 1 Percent Have Captured 121 Percent Of Income Gains During The Recovery: Last year, economist Emmanuel Saez estimated that the richest 1 percent of the U.S. captured a whopping 93 percent of the income gains in 2010, as the U.S. was emerging from the Great Recession. Saez is now back with updated numbers from 2011, and they make the picture look even grimmer: From 2009 to 2011, [...]/p
Friday, February 8, 2013
Another Report Confirms That Austerity Is Backfiring In The United Kingdom
Another Report Confirms That Austerity Is Backfiring In The United Kingdom: Former President Bill Clinton today warned House Democrats about embracing austerity as a solution to the U.S.’s economic woes. “Everybody that’s tried austerity in a time of no growth has wound up cutting revenues even more than they cut spending because you just get into the downward spiral and drag the country back into recession,” [...]/p
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