For four years, the Center for Budget and Policy Priorities has put out a great chart showing what's driving our deficit (the wars in Afghanistan and Iraq and tax cuts). Here's the final version of that chart, as informative as ever.
A123 Systems, an electric-car battery maker that has received $250 million in stimulus grants, just filed for bankruptcy. Since this is bound to be big political fodder, here are a few things to know about the company, its collapse, and the broader battery industry.
The Romney campaign, referencing two studies, says stimulus doesn't work. But a more comprehensive look at the literature leads to a very different conclusion. Thirteen good studies conclude that stimulative policies are effective, while two studies concluded the opposite. The consensus is clear: economists think stimulus works.
It's been a while since we've done a page 69 test on Wonkblog, and what better way to start it back up again than with Michael Grunwald's "The New New Deal," a history of the passage and implementation of the 2009 stimulus package.