“It would be nice if, in the long term, we actually paid for the government that we want,” says economist Diane Lim. The latest Facing the Future features Lim and Concord Coalition Executive Director Robert L. Bixby in another “Economist…
In the latest "Economist Mom" segment on Facing the Future, Diane Lim discussed some of the reasons that politicians and the public are often overly optimistic about federal deficits and the economy. “Traditional economic theory would say. . .people should…
“I think that there has been a little bit of shock and awe among the fiscal policy community, reacting to the fact that this big tax cut passed,” said Diane Lim, a principal at District Economics Group and former chief…
Having entered the White House in the midst of the Great Recession, then President Obama spent much of his time in office trying to deal with the weakened economy. Tax cuts and stimulus spending measures contributed to high federal deficits…
“Clinton came into the White House acknowledging that the deficit was a problem and that it was necessary to be a little more disciplined about tax cuts and spending going forward in his administration,” said Diane Lim, a principal at…
Diane Lim, a principal at District Economics Group and former chief economist for The Concord Coalition, draws a parallel to personal finances in explaining the federal deficit. “On a basic level,” she says, “the government borrows for the same reason…