Budget freeze?

vendredi 29 janvier 2010 ·

Using Congressional Budget Office data, economist Chris Edwards produced the graph below concerning President Obama's announced spending freeze.

What does this graph means? Well basically, since the president excludes national defence, medicare, medicaid, veteran affairs and social security, this leaves only 13% of total spending that he will freeze. Above all, the amount he has freezed is 71% above what it was in 2000 before George Bush took office.

With a deficit at around 10 percent of GDP, this is clearly not enough. However, this is somewhat a good start. The remaining thirteen percent seem to include agricultural spending, at the very least this could be of very good help for him if there are any attemps to rescue the Doha round of trade liberalization.

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Au sujet du blogue

Scientifiquement justes, politiquement incorrects
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Auteurs

Bryan Breguet est candidat au doctorat en sciences économiques à l’université de Colombie-Britannique. D’origine Suisse, il a passé les cinq dernières années au Québec au cours desquelles il s’est engagé en politique provinciale malgré le fait qu’il ne possédait pas encore la citoyenneté canadienne. Il détient un B.Sc en économie et politique ainsi qu’une maitrise en sciences économiques de l’université de Montréal. Récipiendaire de plusieurs prix d’excellences et bourses, il connaît bien les méthodes quantitatives et leurs applications à la politique.







Vincent Geloso holds a master’s degree in economic history from the London School of Economics, with a focus on business cycles, international development, labor markets in preindustrial Europe and the new institutional economics. His research work examined the economic history of the province of Quebec from 1920 to 1960. He holds a bachelor’s degree in economics and political science from the Université de Montréal. He has also studied in the United States at the Washington Centre for Academic Seminars and Internships. Mr. Geloso has been an intern for the Prime Minister’s cabinet in Ottawa and for the National Post. He has also been the recipient of a fellowship from the Institute for Humane Studies and an international mobility bursary from the Ministère des Relations internationales du Québec. Currently, he is an economist at the Montreal Economic Institute.

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