by sslifer | Aug 12, 2022 | Commentary for the Week, NumberNomics Notes
August 12, 2022 The recently passed “Inflation Reduction Act” (IRA) is being hailed by President Biden, Democrats, and climate supporters as a game changer. It will allegedly reduce inflation, shrink the deficit, reduce carbon emissions and improve our climate. We...
by sslifer | Apr 1, 2022 | Commentary for the Week, NumberNomics Notes
April 1, 2022 The President recently released his 2023 budget. Throughout history, the federal government has boosted spending during the bad times as tax revenues decline and expenditures climb. In good times the government is supposed to take advantage of...
by sslifer | Mar 5, 2021 | Commentary for the Week, NumberNomics Notes
March 5, 2021 Payroll employment jumped by 379 thousand workers in February which was a much larger increase than had been anticipated. As impressive as the February jobs gain was, it was held in check by the severe winter weather which dampened both employment and...
by sslifer | Feb 19, 2021 | Commentary for the Week, NumberNomics Notes
February 19, 2021 Every year the Congressional Budget Office updates its forecasts of the budget deficit and Treasury debt outstanding for the upcoming 10-year period. It’s projected deficit for 2021 is $2.3 trillion (10.3% of GDP) which would be the second largest...
by sslifer | Jan 15, 2021 | Commentary for the Week, NumberNomics Notes
January 15, 2021 The virus continues to spread rapidly. Both the labor market and the economy softened somewhat in November and December. But that hardly seems consistent with the economic crisis described by President-elect Joe Biden in his speech on Thursday. We...
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