…of the “deficit reduction” hysteria. Again, in spite of logic so tortured it gives lies a bad name: The serious folks who are so very worried about the deficit sometimes…

by Barkley Rosser lifted from Econospeak Deleterious Doodling About The Deficit: What Else Is New? Department In today’s Washington Post business section, Lori Montgomery has a big article on “A…

…deficit from $44 to $282 billon. Imported oil petroleum contributes significantly to the US trade deficits. From 1995 to 2008, the petroleum deficit increased from $34 to $386 billion. This…

The BEA reported on the US’s current account deficit for 2004. And the winner is… $666 billion, or 5.7% of GDP: The U.S. current-account deficit–the combined balances on trade in…

…that their model seems to absolve responsibility for the large current account deficit away from Bush’s fiscal stimulus, the authors suggest other factors for the enormous deficit may be at…

…are falling, after all! But they’re not. Even with the “strong” growth this year that Bush typically touts, the budget deficit has gotten worse, not better. Last year’s deficit was…

…of real exports. This implies that even if imports and exports have the same growth rate the trade deficit would still widen. For the trade deficit to improve, exports need…

Prof Barkley Rosser at Econospeak also asks questions on the freaking out over the fiscal deficit numbers: Only 6% Of Public Knows Deficit Is Declining Yes, here we go again,…

…table the bolded words Deficit (-) or Surplus unmodified by any adjective are unequivocably the sum of ‘On-budget’ and ‘Off-budget’ surplus/deficit. This isn’t the only usage of ‘deficit’ in CBO…

…goods trade deficit has increased from $83 billion to $295 billion. Robert E. Scott of the EPI estimates that this massive deficit has “eliminated or displaced nearly 2.8 million U.S….