…September indicated that our seasonally adjusted goods and services trade deficit rose by a rounded $8.1 billion to a record high of $80.9 billion in September, from a revised August deficit of $72.8…

…There genuine debate over the long-term significance of the US federal deficit. Deficit hawks have been predicting hyperinflation for decades and, like commercial fusion power and Tesla’s autonomous robotaxis, it’s…

by Linda Beale GOP deficit-reduction hype used in ideological “values” war? crossposted with Ataxingmatter There is concerted effort to portray Social Security as ruining the country by being a significant…

by Linda Beale WaPo (inaccurately?) reports consensus forming on deficit crossposted with Ataxingmatter The buildup in the corporate media supporting the corporatist wishlist on budgeting is growing. First there was…

…Deficit Commission, and on the surface they mirror that of Cooper-Wolff or its Senate counterpart Conrad-Gregg, that any recommendations coming out of the Deficit Commission has to be voted up…

by Bruce Webb High on the list of tasks mandated of the Obama Deficit Commission is to get the deficit down to 3% of GDP by 2015. Unfortunately for them…

…this Commission relied on a deliberate confusion of the concepts of deficit, debt and unfunded liability to use relatively short term deficits to sell’ solutions that realistically only address long-term…

…Interest rate and exchange rate management would have limited effects, as would deficit-reduction efforts. The US CA deficit can’t keep growing forever. Sooner or later it’s going to stop growing,…

…Already, the costs of benefits are well in excess of revenue from payroll taxes. Social Security’s cash-flow deficit will add $75 billion to the deficit in 2014, $1.0 trillion over…

…at the “on-budget deficit” and by looking at the “unified budget deficit.” Social Security does not add to the on-budget deficit. But most economists, analysts, reporters, and politicians prefer to…