Austerity Archive

Hair of the Dog

By John Lumbard.   Unemployment claims are down.  The trade deficit is rising.  The Fed is printing money.  A new cut in payroll taxes (less FICA taken out of your paycheck) and an extension of unemployment benefits will mean growing federal budget deficits---and a big new stimulus for the economy.  We’re...
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“The Debt The Government Owes Itself For Raiding Social Security”

By James Schaefer. Jonathan Weisman wrote cogently in the Wall Street Journal about addressing the budget deficit (Voters Back Tough Steps to Reduce Budget Deficit, Aug 17, 2010 -- subscription required). He points out that tens of millions of voters are ready to accept tough measures to balance the federal budget, and...
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The Safe Withdrawal Rate

By John Lumbard.   The “safe withdrawal rate” is the amount of cash a retired person can withdraw from an IRA or other investment account without someday running out of money.  It’s not an easy figure to calculate, because you need to project your investment returns and your cost of living...
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Peter Treadway: Debt and Deflation . . . or Inflation?

By Peter T Treadway, PhD   Historical Analytics LLC www.thedismaloptimist.com “Show me where he sits and I’ll tell you where he stands.”          Old Washington proverb   “As the buyers become less eager and the sellers become more eager an uneasy period of ‘financial distress’ follows… For the economy as a whole, the equivalent is the awareness on...
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