As of today, the U.S. government’s current deficit and debt are indeed currently at unprecedented levels for peacetime—once we account for them appropriately.
From the fiscal cliff to the sequester to the debt-ceiling, conservatives’ real aim in their fiscal brinkmanship is to gut Social Security and Medicare. Read more »
Steve Resnick directed his twin passions of
economic theory and econometrics toward
the goals of social change and mastery of Marxian economics. Read more »