You Care About The Deficit

Many Of My Students Assume That Government Protection Is The Only Thing Ensuring Decent Wages For Most American Workers. But Basic Economics Shows That Competition Between Employers For Workers Can Be Very Effective At Preventing Businesses From Misbehaving.

Making Labor Less Expensive Helps Firms Hire People.

What I Desire To Point Out Is That I Wish The Law Was Not So, But That Being The Law, I Must Follow It.

Cold-turkey Deficit Reduction Would Cause A Significant Recession. A Recent Analysis By The Congressional Budget Office Estimated That Going Headlong Over The Cliff Would Cause Our Gross Domestic Product, Which Has Been Growing At An Annual Rate Of Around 2 Percent, To Fall At A Rate Of 2.9 Percent In The First Half Of 2013.

Honest Talk About The Deficit Is Risky. Voters Are More Enthusiastic About The Abstract Notion Of Deficit Reduction Than About The Painful Details Of Accomplishing It.