Government shutdown

How much austerity is enough?

By |2018-12-20T20:36:04-08:00April 20th, 2015|Economic Indicators, Euro, Financial Health, Fiscal Policy, Government shutdown, international Finance, TIA|

By Dr. Jonathan Tiemann, April 20, 2015 Although we don't hear the word explicitly that often, austerity is very much at the center of economic debate today. In the US, both the Senate and the House of Representatives are working on budget proposals, which would (their sponsors say) balance the Federal budget within a decade. Those proposals would do so [...]

Examining Balanced Budget Amendments

By |2018-12-20T20:43:57-08:00July 28th, 2014|Congress, Debt Ceiling, Financial Institutions, Government shutdown|

Posted July 28, 2014 Henry J. Aaron, a Senior Fellow, at the Brookings Institute, testified before the House Judiciary Committee on July 24th, providing five very sound reasons why a Balanced Budget Amendment to the Constitution was not viable solution to the U.S.'s escalating deficits. His summary of his comments is as follows: Balanced budget amendments have been around a [...]