A Natural Way That An Economist Approaches

There's A Joke In Economics About The Drunk Who Loses His Keys In The Street But Only Looks For Them Under The Lightposts. When Asked Why, He Says, 'because That's Where The Light Is.' That's The Problem With The Deficit.

Tax Increases Appear To Have A Very Large Sustained And Highly Significant Negative Impact On Output.

I Think Where I Differ A Little Bit, We Absolutely Have To Think About The Deficit Looking Down The Road. And Certainly That's Something The President Has Said That We Need To, As The Economy Recovers, Have A Plan In Place For Getting It Down.

You Care About The Deficit Because It Allows You To Do Things You Need To Do To Help People Who Are Suffering.

Climate Change And Dependence On Foreign Oil Are Problems That Won't Go Away On Their Own. Tabling Plans To Deal With Them Doesn't Make It Easier For Companies To Plan And Invest; It Makes It Harder.