Relevant and even prescient commentary on news, politics and the economy.

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The President’s Speech

…areas like energy, health care, and education that will grow our economy, even as we make hard choices to bring our deficit down. That is what my economic agenda is…

The US economy is in a funk

…must reduce its trade deficit and reliance on foreign borrowing. Simply, trade deficits of more than 5% of GDP require Americans to spend more than 105% of what they earn…

Borrowing as an Alternative to Deficit Financing?

One of my complaints about our replacement governor in California is that he loves to talk about deficit reduction but is unwilling to raise taxes and incapable of significantly reducing…

Another Budget, Another Disaster

…the deficit was around $400 Billion.” Here is an explanation: There are at least three methods of presenting the deficit; the first is the “Unified Budget” that includes the annual…

Responsibility for the Deficit

…the time. Greenspan’s deliberate implication is that the US’s budget deficits are the result of bad budgetary forecasts, not the tax cuts. That is simply not true, however. How can…

Addendum on the Deficit As AB mentions below, the final tally of 2003’s budget deficit was $374 billion. Yes, that’s a lot, and yes, it’s a record deficit by far….

Federal Deficit by President

deficit than they inherited. Every Democratic administration left office with a smaller deficit than they inherited. Why should we pay any attention to anything any Republican says about the deficit….