The Federal Reserve Is Going to Wait Until After the Election to Move: Eighteen Months Late and at a Third of the Scale the Economy Calls For
Compound Interest and Social Discount Rates

The Fiscal Commission Was Another Enormous Unforced Obama Administration Error


Ezra Klein:

Ezra Klein - Americans prefer tax increases to benefit cuts: In Washington, the fiscal commission -- and the elite consensus -- favors sharp spending cuts over tax increases as a way to plug the entitlement hole. In the country, the preference is just the opposite.... [T]his holds true for every single age group. We're not looking at a situation where the elderly oppose benefit cuts in large numbers, but other demographics are more favorably inclined. In fact, it's the young who are most steadfastly opposed to benefit cuts: