Page 3 - Robert Barro News Today

But the country could still undercut its own success | Briefing

The supply-side framework outlined in this paper does not include all the effects of taxation that economists would like to examine. Depending on one's perspective, the glass could be considered half-full as well as half-empty. But if the only "dynamic" thing the Joint Committee on Taxation did was to incorporate the detrimental effects of federal deficits on capital formation, this would be more than worth the effort.

When giving is more about show than results

Commentary With politicians squabbling over lifting the debt limit, few are paying attention to the ongoing "Japanification" of ...

BG1104:  Why a Tax Limitation/Balanced Budget Amendment isNeeded to Control Spending

Leaving developing economies outside emerging international security regimes would both widen the gap between the developed and developing worlds and create new opportunities and sanctuaries forterrorists to exploit. The United States should help countries jointhe fight against terrorism by promoting free trade agreements,ensuring that foreign assistance programs do not perpetuate badpolicies, and better organizing U.S. efforts to offer technicalsecurity assistance.

Congress continues to allocate funds to produce weapons that the Pentagon itself says it doesn't need.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Senators should reject a "stimulus" bill that is based on 1933 economics and ignores 75 years of research and evidence about how growth is created.

The Bush tax cuts did not cause the budget deficit because the budget would have still fallen into deficit due to national security, runaway spending, and economic factors. The national debtis not large enough to raise interest rates. Lawmakers should bemore concerned for the $42.9 trillion in unfunded Medicare andSocial Security costs over the next 75 years.