Biggest Deficit, Ever At least, until next year: WASHINGTON (Reuters) – The U.S. government posted its largest budget gap in history in the just-ended 2003 fiscal year, $374.22 billion in…
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It’s Your Children’s Money. Quick, Take It! When it comes to the federal deficit, there are few free lunches. What we don’t pay for today, we and our children will…
Krugman & Kalecki, “injecting” to escape from a sub-optimal reality
…would offset or neutralize the effect of the deficit-spending injection. Does effective demand actually increase with added injections of deficit spending? Yes, as long as it is within the effective…
A study in the dynamics of international flows… #4
…run the current account deficits that corresponded to Germany’s surpluses.” “Spain and the other peripheral European countries all saw their trade deficits expand dramatically or their surpluses (many were running…
Trading the gdp away…2008
…kind of “outside money” has not been flowing into public coffers or into the hands of the average worker, dramatically so in the last decade. Recently, our trade deficit has…
CBO Aug 7, 2015: Monthly Budget Review for July
Monthly Budget Review for July 2015 Bolding mine: The federal government’s budget deficit amounted to $463 billion for the first 10 months of fiscal year 2015, CBO estimates. That deficit…
SOCIAL SECURITY, OBAMA, and the CRFB
…XX Trillion Dollar Unfunded Deficit!” they have decided that the only way to save Social Security is to find the money to close the deficit, and since the only people…
Current Account Deficits and Safe Assets
…were broadly unchanged in 2016…” The U,S. continues to record the largest deficit, $451.7 billion, which is equal in value to 2.4% of U.S. GDP. The continuing deficits contribute to…
Trade deficits, offshoring jobs, Republican tax plan
…whose the flip side is the trade deficit. For every dollar the capital account goes up, the trade deficit must get a dollar more negative. To be clear, a higher…
Trump celebrates his (very expensive) tax cuts for himself and his rich golfing buddies
…didn’t care if they created a $1.5 trillion deficit with their tax cuts for the rich now whine about the dreadful deficit (that they created) and the oh so shocking…
