Tag Archives: public finances
The Ominous Message in 2 Centuries of Global Public Finances
After our recent article showing the history of non-defense budget balances for large, developed countries, some readers wondered how our results might change with defense spending included. Here’s a new chart showing total budget balances:
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Tagged Buenos Aires, defense spending, developed countries, emerging economies, fiscal crisis, fiscal discipline, fiscal policy, fiscal risks, military spending, Napoleonic Wars, Niall Ferguson, public borrowing, public finances, state expansion, The Ascent of Money, U.S. Civil War, wealth confiscation
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Reviving the ‘Real World’ Scenario That’s Disappeared from Government Reports
For 50 years or so the federal government has deliberately and to an increasing extent misstated probable future budget deficits. Democrats and Republicans are guilty. The White House is guilty. And so is Congress. Private firms that deliberately misrepresent their … Continue reading
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Tagged automatic enforcement procedures, budget balance projections, CBO, CBO alternative scenario, CBO annual budget outlook, CBO baseline scenario, Congressional Budget Office, debt service costs, dishonest lawmakers, government debt projections, gross debt, net debt, public finances, William Poole
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