…little graphical reminder of that point below. The deficit: Bush will shirk responsibility for the deficit, arguing that the deficit is the result of 9/11 and the recession, but Bush…

If you want to see a bleakly pessimistic picture painted of the sustainability of the US’s current account deficit, take a look at this paper by Nouriel Roubini and Brad…

Jonathan Weisman, writing in the Washington Post today, reports that Kerry’s plan won’t balance the budget. Sen. John F. Kerry’s pledge to reduce record federal budget deficits is colliding with…

…government deficits in the economy: The federal government deficit = non-government savings (of net financial assets). That’s fact, not theory, a.k.a. an ‘accounting identity.’ Non-government savings include that of both…

…U.S. fiscal deficit,” IMF chief economist Raghuram Rajan told reporters in a briefing on the new report. The IMF’s forecast that the U.S. budget deficit will be a significant drag…

Debt Mountain In a post that relates to Kash’s Monday post on the current accounts deficit, Karsten, a European blogger who follows finance, explains why massive US deficits haven’t lead…

…YEAR 2004 (Billions of dollars) CBO OMB Receipts 1,817 1,791 Outlays 2,294 2,319 Deficit -477 -527 On-budget deficit -631 -682 Off-budget surplus 154 154 Sources: Office of Management and Budget;…

Continued Deficit Misdirection from the Bush Administration I’m amazed that they can continue to parrot this line: Treasury’s Snow blames war on terror for US deficit WASHINGTON, Feb 12 (Reuters)…

…window just right, then maybe, just maybe, the deficit will be cut in half. Of course, cutting it in half will still mean a deficit over 1/4 billion dollars, or…

…the long-run budgetary consequences of short-run policy moves are properly considered. Y pirouettes in midair and transforms from a deficit hawk into a deficit dove so as not to offend…