World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
The Wonk Gap
Keywords:
Tags:
What Krugman makes of the one trillion dollar U.S. deficit in 2012 and the alternate view of John Taylor on the U.S. deficit
08/22/2010
Krugman says $1.089 trillion to be exact for the fiscal year ending in Sept. 2012. He gives the 400-450-150 formula to understand what this means in simple terms. The debt would still be stable or declining as a ratio of GDP at $400 billion because of steady GDP growth. He cites the example of the period when debt to GDP declined from 49% to 33% because of steady growth during the Clinton years (1992-2000) even though Clinton started out in 2000 with a deficit. The $450 billion is from lower tax payments because of the 2008 economic crisis followed by recession which would be reversed with restored GDP growth. The $150 billion is from payments such as unemployment insurance, food stamps, to cushion the effects of that crisis and the recession, which would be reversed with restored economic growth.
Grouped Articles
New York Times 09/06/2011
New York Times 09/08/2013
Bush Tax Cuts: Now That's Rich
New York Times 08/22/2010
New York Times 10/10/2010
Strong Dollar Stands in Manufacturing Sector’s Way
Wall Street Journal 03/16/2015
Dollar’s Rise Poses Risk for Fed Plans
Wall Street Journal 01/27/2016
Krugman on Jindal, the Republican party and policies in 2013-2014
01/27/2013
Grouped Articles
New York Times 09/08/2013
Bobby Jindal Enters Presidential Race, Saying ‘It Is Time for a Doer’
New York Times 06/24/2015
Bobby Jindal Rises and Falls Because of Ambition
New York Times 07/12/2015
Cleaning up Bobby Jindal’s mess in Louisiana - The Washington Post
Washington Post 11/27/2015
Washington Post 02/25/2016
New York Times 01/27/2013
Krugman on Republican Congressman Paul Ryan's Plan for Medicare and Medicaid
09/16/2010
Grouped Articles
New York Times 09/08/2013
Charlie Rose Talks to Paul Ryan
BusinessWeek 09/16/2010
New York Times 05/26/2011
New York Times 05/26/2011
New York Times 05/27/2011
New York Times 07/03/2011
Krugman on the health care reform legislation of president Obama
09/08/2013
Grouped Articles
New York Times 09/08/2013
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us