…that is already near 5% of GDP. While the rise in the deficit might only be temporary, the long-run prospect for deficit financing are ominous – unless we start adopting…

Unpartisan.com documents six reactions from the conservative blogs but only Brad DeLong was mentioned from the Reality Based Community. On the right – BlogsforBush carried the Administration’s spin that this…

James Hamilton has an excellent discussion of why we should be concerned about the large current account deficits, while David Altig follows-up with the hope that this borrowing is only…

…ritual in Congress. What will this do to the deficit? Here is a chart showing the deficit to the end of this decade before and after this agreement, according to…

Joseph Stiglitz is editor of The Economists’ Voice and has this article in its inaugural edition. He notes that long-term fiscal stimulus crowds out investment – a theme he also…

…relegated to the minor leagues ore duly reported and then ignored. Take the June trade deficit which was reported at the beginning of August. Jaded watchers of the economy registered…

Going in the Wrong Direction Just last week, the president announced that he planned to cut the deficit in half over the next five years. Yet the latest deficit projection…

…Republicans hold a small edge on the deficit and gun policy. — Greg Sargent, Washington Post, this morning A longtime pet peeve of mine is that so many major political…

…a deficit of only 3.5% of GDP. There are two possibilities. If the state can credibly commit to running 3.5% deficits, it will. The fact that if more than 0.5%…

…deficit increase is due to entitlement and welfare programs. Now he does the old switcheroo from the yearly deficit to the national debt. McConnell said, the debt is very “disturbing…