Gross Domestic Product

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  • Illustration: Debt by Alexander Hunter for The Washington Times

    MALPASS: Debt limit opportunities

    This spring's debate on increasing the debt limit probably will be the most important opportunity in this Congress for fiscal conservatives to have an impact - to force an upheaval in Washington's tax-and-spend culture that will slow out-of-control spending.

  • Illustration: English bulldog by Alexander Hunter for The Washington Times

    BACON: The once and future kingdom of austerity

    American liberals are big fans of the European welfare state. They point to European models of national health care, rich pensions and generous unemployment benefits as worthy of emulation in the United States. Europeans may not make as much money as Americans, the liberals say, but they have created a more humane way of life.

  • Chart: Congressional Control and the Deficit

    RAHN: Death-wish Democrats

    Rarely do you see a political party in the process of what appears to be a deliberate attempt to commit suicide while shooting a hostage. In this case, the hostage is the U.S. economy, and the political party is the Democrats. If someone tells you something will soon be done but always postpones getting it done, at what point do you no longer believe him?

  • John Maynard Keynes (Associated Press)

    YOUNG: Killing Keynesianism?

    Is the recession's great irony that government spending killed Keynesianism? With economists, bankers and investors perplexed over the economy's continued funk, we cannot be blamed for looking in odd places for answers. Could it possibly be that continuously increasing spending over eight decades has left little ability for government spending to affect the economy?

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