Here was Krugman on the pending Fiscal Train Wreck, it is sure to be a crowd pleaser: Now it projects a 10-year deficit of $1.8 trillion. And that’s way too optimistic. The Congressional Budget Office operates under ground rules that force it to wear rose-colored lenses. If you take into account — as the C.B.O. cannot […]
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Posted in Politics on Aug 2nd, 2011
I didn’t and don’t really care to comment on the debt ceiling and spending fiasco. The fact that I would even have to defend a doubling of federal spending in less than a decade or an increase in spending of over $1 trillion since President Bush left office as “large and perhaps unwarranted” is shocking. […]
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Posted in Extended Order on Aug 2nd, 2011
The worst kept secret in transportation circles is how inefficient high-speed rail is on both environmental and economic grounds. An equally poor secret, yet one that planners do not like to make well known, is just how efficient and convenient intercity buses are. In terms of both energy use, safety and carbon emissions, buses blow […]
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Posted in Inequality on Aug 2nd, 2011
In yesterday’s post, we showed how inequality in the U.S. has increased by 18% over the previous 40 years according to the most commonly cited measure of inequality, the Gini Coefficient. In tomorrow’s post what we’d like to see from an inequality statistic in an ideal world. Today, I wanted to illustrate how this measure […]
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