Tag Archives: economics

Number 4: The Yet to be Paid Increasing Costs of the Federal Deficit and Debt The Federal Deficit The federal budget deficit refers to U.S. federal government spending exceeding government income. According to the Congressional Budget Office, Government spending totaled $4.1 trillion in 2018; government revenues were $3.3 trillion, contributing to a deficit of roughly […]

Number 3: The Timing of Those Tax Cuts Part of what made the recent tax cuts unique is that they occurred in a growing economy with near historic lows in unemployment. Prior to 2018, recent tax cuts occurred when the economy was struggling and unemployment was relatively high. In the current economic recovery, the payroll […]

Number 2: What’s Been Driving Economic Growth A country’s economic growth is measured by the change in real gross domestic product (GDP). GDP measures the value of goods and services by a country over a given timeframe (typically quarterly or annually). GDP includes four components: 1) Consumer spending, 2) Investment spending, 3) Government Expenditures, and […]

Our last blog looked at how taxes changed in 2018, specifically the tax cuts for individuals and corporations. This blog will take a look at the economy – including how those tax cuts and other factors impacted the economy, and what is likely to impact the economy going forward. The blog is split into six […]