Agenda: Shrimping, Housing, Deficits

Monday, August 16, 2010

Sugar Beets immediately after harvest (flickr: karma-police)

We look ahead at this week in news. It's the official beginning of shrimping season in Louisiana; Russia's grain embargo has just taken effect; the Obama administration tries to figure out how to approach mortgage giants Fannie Mae and Freddie Mac; a judge's ruling effectively bans planting genetically modified sugar beets; and the Congressional Budget Office will release its budget outlook.

Charlie Herman, economics editor for The Takeaway and WNYC Radio and Jason Stallman, national news editor for The New York Times, as we look ahead to this week's news.

Guests:

Charlie Herman and Jason Stallman

Produced by:

Blakeney Schick

Comments [1]

Dave from Detroit

Listening in this morning, I really struggled when the discussion turned to extending the tax cuts and your host's position that tax cuts add to deficits. The belief that tax cuts have no impact on the economy and, more importantly in this case, is a zero-sum game is naive at best. Time and time again, it has been proven that decreased tax rates have a net positive impact on tax revenues (even through years 2003 - 2006). It's called cause and effect.

Borrowed stimulus spending and 20% across the board budget increases in 2010 are our problem right now (again, cause and effect). And unless everyone gets on board with the notion that we can't spend more than we bring in, we're finished sooner than later.

Aug. 16 2010 09:46 AM

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