I’ve been looking for an excuse to post this diagram of real Federal tax revenues (excluding payroll contributions) and Kash’s post “The Budget Deficit in Context” and a few other…

…helped increase revenues to the Treasury,” Bush said in his weekly radio address. “The increased revenues and our spending restraint have led to good progress in reducing the federal deficit.”…

…as two conventional claims: (1) A cheap (depreciated) dollar causes the current account deficit to shrink. (2) A current account deficit causes the dollar to depreciate. My reply to him…

…concerns about public perceptions of the $11 trillion deficit number in the 2003 report of the Technical Panel on Assumptions and Methods — a group of actuaries, economists, and demographers…

The US trade deficit hit a record high of $60bn in November. That means that the US imported $60bn more of goods than it exported that month. This is a…

I think the numbers in the previous post by Kash would look nice in graphical format. To reiterate, this graph shows the CBO’s projections for the cumulative deficit from 2004…

How Does It End? A recent OECD working paper by three economists at the OECD poses the following question: how might the US’s massive current account deficit be reduced? For…

…required), Buffett says that he is extremely worried about the US trade deficit. In particular, he is worried about the fact that by running trade deficits, and thus effectively trading…

There’s Nothing Like Data Tom DeLay says spending is causing the deficit. Is he right? What’s really causing the deficit? War? Recession? Spending? Tax Cuts? Some of each? If the…

For awhile the yelling in media was about the federal deficit and was to doom us all. Now voices are muted on the deficit. Here is why: (hat tip Spencer)…