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The Northwest Plan: a Real Fix for Social Security

…smaller than the 1.95 percent deficit projected in last year’s report. This deficit indicates that financial adequacy of the program for the next 75 years could be restored if increases…

DI: the Sick Man of Social Security

…in 2008, reality returned a cash deficit of $8 billion. Where the Trustees showed a cash deficit of $4.6 billion for 2009, CBO now projects $20 billion. And where the…

Another look at the budget deficits

…baseline… These adjustments are detailed in the appendix table. Cumulatively, they point to deficits of $10.2 trillion over the next 10 years… CBO estimates that the cumulative deficit from 2010…

Optimal Fiscal Policy in a Liquidity Trap: Comment

…when we get income on government bonds from the poor young (and their consumption is reduced). This seems unfair. Certainly the idea that deficits are a burden on future generations…

After the Recession: What then?

…the wealth of a nation depends its trade. In looking for our engine of growth, we have to look at elements that may help us. Unfortunately, our trade deficit, despite…

Borrowing and Spending

…The U.S. current account deficit widened by 21.3% to a record $224.9 billion in the fourth quarter, the Commerce Department reported Tuesday. The deficit amounted to 7.0% of the nation’s…