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Please consider The euro debate Greece is not having There is no dispute that Greece’s current account, from a staggering deficit of close to 35 billion euros in 2008, is nearing balance.
Unsurprisingly, Brussels does not believe the promises made by Hollande . While Paris was planning to back below 3% in two years (2.9% to be exact), Brussels predicts it ..
For further discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution? BLS Birth-Death Model Black Box The BLS Birth/Death Model is an estimation by the BLS as to how many jobs the economy created that were not picked up in the payroll survey. The Birth-Death numbers are not seasonally adjusted, while the reported headline number is.
Read the original: Treasury Secretary Pleads for Higher Taxes, More Government Spending, Big Farm Bill, No Cuts in Food Stamps
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Bloomberg reports The White House, in a statement, urged Boehner to allow a vote on raising the debt limit and repeated that only Congress can authorize more borrowing. Obama, who will make a statement and take questions in the White House briefing room, is willing to negotiate after Republicans end the shutdown and remove the risk of default, the statement said. The split-screen sniping — with Boehner speaking to reporters and Reid speaking on the Senate floor — came as lawmakers are taking the first tentative steps toward resolving the standoff
Excerpt from: Ron Paul Ruins a Great Economic Rant, Being Seriously Wrong on One Key Point
