…will result in on-budget deficits of $400-$500 bn (roughly 3% of GDP) for the next several years. And of course, this forecast assumes steady real GDP growth of roughly 3%…

New figures were just released this morning about the US current account deficit during the April-June period of 2005. From the BEA release: The U.S. current-account deficit–the combined balances on…

…a few of the world’s central banks. In 2003, the most recent year with full international statistics, central banks financed 83 per cent of the US current account deficit, with…

This morning the BEA released its estimate of the US current account balance during the second quarter of 2004. The second quarter deficit was $166bn, meaning that the US borrowed…

2004 Projected Deficit Now Over Well Over $500 Billion Way back on 8/24 the projected deficit was $480 billion (see this post). Now it’s $525b and counting. That’s another $45…

…to cyclical unemployment is for the government to provide deficit spending and for the Federal Reserve to provide expansionary monetary policy. The idea behind deficit spending is that the government…

…look at this equation to determine net borrowing from foreigners… Current Account deficit (net borrowing from abroad) is… (M – X) = (G – T) + (I – S) M…

…year over year, 2) be in permanent surplus for Budget Deficit calculations, and 3) be permanently cash flow negative. More Debt, Less Deficits, Cash Flow Negative. It only sounds paradoxical….

…$1.7 billion. In 1995, it went to a deficit of $15.8 billion, and in 2014 the goods trade deficit was $53.8 billion, down from 2007’s peak of $74.8 billion. This…

…being honest if you said that Paul increased your deficit. Social Security does have an “actuarial deficit.” This has nothing to do with the “budget deficit” or the Federal debt….