Paul Krugman on the deficit reduction plan that is widely regarded by serious economists as, well, frankly ridiculous: So, a public service reminder: Simpson-Bowles is terrible. It mucks around with taxes, but is obsessed with lowering marginal rates despite a complete absence ...read more

This chart shows how OECD country’s spending and life expectancy differ from what you would expect based on how rich they are (per capita GDP): As you can see, the US bottoms out meaning Americans spend more and get far, far less for their money than comparable countries. ...read more