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Good morning! Just wanted to let everyone know the Mercatus Center is transitioning over to a Google+ Plus Page. This page will no longer be active. We thank you for your patronage and hope that you will continue to discuss the important questions with us at our new page: https://plus.google.com/u/0/116253607415727508334/posts

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Our senior scholar Veronique de Rugy's new charts explain how "3 Factors" turned surpluses into deficits.  Can you guess what the "3 Factors are?  #federaldeficit  
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"Surplus" by definition means that something was left over.  Considering we're talking about government expenditures, a surplus would mean that there was more revenue than expenditures.

The facts:
1) Expenditures went up (the Government spent more)
2) Revenue/income did not increase as much as expenditures

See: http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm

1+2=3: there was never a surplus

It's not partisan politics, it's cause and effect. I think people who believe there was a surplus either display cognitive dissonance (rabid partisans), have educated themselves into imbecility (scholars who debate specific numbers while ignoring the overall debt), or only get their information from a television.

The only surplus was that of smoke and mirrors (voodoo economics).
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You can't get rid of it fast enough.
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Have them in circles
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"Sorry to be the bearer of bad news, but it's not true. For one thing, there's no such thing as a free network." +Jerry Brito 
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Don't tell that to the EU; though it knows "free"doesn't mean free, that does not slow the march of the social movement.

http://ec.europa.eu/digital-agenda/en/news/cyprus-towards-free-wifi-access
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In 2011 there were more than 165,000 pages of federal #regulations with which American companies had to comply!
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What's the #1 rule in the #DebtCeiling Fight Club?
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Checkout +Tyler Cowen's latest column in the +The New York Times!
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Is U.S. competitiveness in decline?  +1 if you think so!
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Bridging the Gap Between Academic Ideas and Real World Problems
Introduction

For over 25 years, the Mercatus Center at George Mason University has been the world’s premier university source for market-oriented ideas—bridging the gap between academic ideas and real world problems. 

A university-based research center, Mercatus works to advance knowledge about how markets work to improve our lives by training graduate students, conducting research, and applying sound economics to offer solutions to society’s most pressing problems in areas not limited to unemployment, Social Security, Medicare, regulations, government spending, and the economy. 

Our mission is to generate knowledge and understanding of how institutions affect the freedom to prosper and find creative solutions to overcome barriers that prevent individuals from living free, prosperous, and peaceful lives. 


The Mercatus Center is located on George Mason University’s Arlington campus and is a 501(c)(3) tax-exempt organization.

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