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    Mortgage Interest Deduction

    Jonathan Gruber may not have the best reputation for open and honest policy-making because of his role in creating ObamaCare, but he continues to provide interesting economic analysis. His latest working paper finds that the mortgage interest deduction does little to promote home ownership. Instead, it induces people to…
    Joseph Coletti, July 24, 2017
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    8 in every 10 Americans are in debt

    Pew Charitable Trusts released a report which examined debt through the generations.  Below are some of the key findings from the report.  Click on this link if you want to read more details about the report. Key Findings 8 in 10 Americans have debt, with mortgages the most…
    Sarah Curry, July 30, 2015
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    How Much Debt does McCrory want to Issue?

    Last night in the State of the State address, McCrory laid out some of his plans for the upcoming legislative session.  Not surprising, he suggested issuing bonds to pay for transportation and he elaborated on his previously stated objectives of improving outdated state infrastructure.  What needs to be addressed is…
    Sarah Curry, February 5, 2015
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    NC’s Debt Picture

    Sarah Curry, February 4, 2015
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    Theory: any story with “trillion” in it contains more bad news for the American people

    That’s my operating assumption after just a little over a week into 2013 (examples here and here), though my concern is much older. Here’s the latest — an idea to “solve” the debt crisis by having the U.S. Mint print a trillion-dollar platinum coin. God…
    Jon Sanders, January 8, 2013
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    Reducing the deficit: a “balanced” approach won’t cut it

    In his recent speech in Roanoke, Virginia, President Obama has once again renewed his commitment to a balanced approach to shrinking the federal government’s fiscal deficit. So I’m going to reduce the deficit in a balanced way. We’ve already made a trillion dollars’ worth of cuts. We can…
    Garrett Hunter, July 26, 2012
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    Can Democrats give a little?

    Live Blog Wells Fargo economist John Silvia says the US is following the road to fiscal ruin set by Greece and Portugal unless government cuts back. Silvia told CNBC that the US must recognize that the moderate economic growth forecast by most economists for the country will…
    Joseph Coletti, April 7, 2011