Reinhart vs. Rogoff, and Other Links

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  1. Cabaret says:

    “a whopping 68 percent of low-income Americans aren’t sure they qualify for tax credits that would subsidize their purchase of health insurance—despite they fact that they almost invariably will qualify, the survey found.”

    Good use of whopping. And:

    “64 percent [of uninsured adults] said they haven’t decided if they will purchase insurance by the Jan. 1 deadline”

    • August says:

      I can see a nationwide education campaign about the subsidies and deadline. As it gets closer more people will figure it out.

  2. Jack says:

    I was under the impression that forecasting SS debt was difficult — often meaningless because it’s fluid when due consideration to legislative changes are factored in.

    If no analytical firm in the country is willing to take on 60 year projections, yet we expect the fed to do so?

  3. Roget says:

    Should be Reinhart not Reinhardt… a number of differences between them 🙂

  4. Tim says:

    This upsets me. You know, teachers are mostly hard-working, humble professionals and vastly undermined by our society. If they plan their finances under the premise that they’ll be able to retire under a pension, imagine what getting rid of it would do that person. Perhaps they shouldn’t have offered it in the first place and offered instead 401k’s or 403b’s or some form of defined contribution plan instead, but that’s not the case here.

  5. Buster says:

    Two-thirds of the uninsured may not enroll under ObamaCare.

    A substantial number of the uninsured are uninsured because they do not want coverage badly enough to pay for premiums. Now, they are being told to purchase coverage that may be more expensive due to regulations guaranteeing access to coverage regardless of condition. This serves and an even greater incentive to go without health coverage since you can always wait to sign up once you become sick.

  6. Studebaker says:

    Henderson: California has a budget surplus only because it’s underfunding teachers’ pensions.

    It’s amazing how you can manage to have a little extra spending money if you neglect to pay all of your bills! This strategy usually comes back to bite you on your hindquarters, however!

    • JD says:

      I’m sure that eventually the Feds (the taxpayers of the other 49) will bail them out. No harm, no foul, no lesson learned.

  7. Dewaine says:

    “With the right set of words, one can produce whatever time-paths of country-specific official debts one wants and, thus, whatever correlation between “official” debt and GDP one seeks”

    I think that this statement can be applied even more broadly than the author intended. Rephrasing something to sound better doesn’t improve the situation. “The Ship is sinking! Abandon ship!” becomes “Our surplus of water is increasing, there is no cause for alarm.” How will we make accurate judgments without a singular assessment?