Posts Tagged ‘deficit’

In need of a hero?

Monday, July 25th, 2011

Holy blazes, Batman, the budget’s gonna bust! We’re zooming toward the debt ceiling, but nobody seems to know what to do..

We need a hero. A Budget Hero!

Luckily, American Public Media put together this awesome widget that you can use to play around with the U.S. government budget, a little bit like our elected officials in Congress do. Cut spending, increase taxes, watch your deficit move around, and learn about what all these cuts and increases mean.

Think you can do better than Congress is now? You just might be… a BUDGET HERO!

Putting A Price On Immigration

Thursday, July 1st, 2010

Economists consider if the best way to control entry into a country is a fee…

  • Economist Gary Becker advocates an economic solution for the global immigration problem. He proposes attaching a price to immigration, either by selling the right to migrate or auctioning immigrant visas.
  • Becker argues that only the most determined or resourceful migrants would be successful, greatly simplifying the process and allowing governments more immigration control. In addition, the receiving country would benefit financially, potentially helping to reduce budget deficits.
  • For those who were committed to immigrating, but unable to pay the fee, Becker advises a loaning system in which migrants could borrow from the government and pay them back over time.

Facts & Figures

  • Charging 50,000 dollars for the right to immigrate into America would yield the country $50 billion if it let in 1 million immigrants a year.

A Deficit is…

Thursday, November 5th, 2009

A deficit is a term that describes the phrase “you owe more than you have.” It can also relate to losing more than winning, or spending more than you are making.