The Cyclically Adjusted Budget Balance: Shrinking Rapidly

Since I put a ‘liberal’ name in a previous post, I will also put up a ‘conservative’ name on budget balances: Menzie Chin at Econbrowser points to other CBO numbers…

The Cyclically Adjusted Budget Balance: Shrinking Rapidly

The CBO has just released estimates of the cyclically adjusted budget balance (or, specifically, the budget balance without automatic stabilizers). The cyclically adjusted budget balance is a better measure of the fiscal stance. The evolution of this series is interesting.