Does Government Austerity Cause Recession?

Written by Steven Hansen Economists continue to warn that austerity is not the way to go for government spending.  I am open to using austerity as one of the tools to balance an economy – just not the primary tool. You cannot hope pay off sovereign debt by contracting the economy. What would an economy …

Sequester: No Matter What Happens, It Is Wrong

Written by Steven Hansen and John Lounsbury CBO [Congressional Budget Office] requests appropriations of $45.7 million for fiscal year 2014. That amount represents an increase of $1.6 million, or 3.7 percent, from the $44.1 million (on an annualized basis) provided to CBO under the continuing resolution for fiscal year 2013. The increase would enable CBO …