We’re used to that line by now. Ross Perot—one of the more prominent people who got rich due to government contracts—used it, Carly Fiorina and Meg Whitman are using it…

…– both sovereign issuers of their own currency – must deal with the challenges posed by their own fiscal deficits, lest a Greece scenario be far behind: “It is absolutely…

…can drop its financial deficit without incurring behemoth debt burden growth (in the case of the Eurozone, the term “burden” actually applies since Greece, nor any one economy, can print…

…if they did? The answer is that a big deficit-reduction program would destroy the economy, or what remains of it, two years into the Great Crisis. A big deficit-reduction program…

…proposals would add $4.8 trillion to the baseline deficits over the 2010–2019 period. CBO projects that if those proposals were enacted, the deficit would total $1.8 trillion (13.1 percent of…

…“Can” explain or “does” explain? No weasel words here, please. We have become so efficient that we now have an enormous trade deficit? Stormy Rdan here: The argument rages here…

Greg Kaza is elated that the politicians will start (ab)using dynamic scoring: Dynamic scoring, however, attempts to measure the feedback-effects ignored in these models – those feedback-effects potentially becoming excellent…

…are all reversed in four years, and that there are no major recessions. A moderate recession could easily worsen the deficit significantly. Let us suppose that the deficit is big…

…this deficit problem? They can raise additional tax revenues and/or reduce spending. But if a policy to lower the budget deficit reduces economic activity, more people will lose their jobs,…

…deficit is shrinking, thanks to the Bush tax cuts“) is that the Bush tax cuts have increased economic growth dramatically. So dramatically, in fact, that they are responsible for the…