…an ‘entitlement’. We also have read from some Congress members (Senators Kyl and McConnel) that tax cut extensions of the Bush presidency are not deficit producing and need not be…

…for fiscal sustainability,” CBO director Douglas Elmendorf said Wednesday in testimony before Obama’s bipartisan commission on the deficit. small “relative to the journey that will be needed for fiscal sustainability”…

…time, with the obvious agenda of wanting to say the same for the US (time for that deficit commission to cut social security anyone?). What is true is that for…

…(small) deficit, and so out of all the sources of the broader federal budget deficit (of which rising medical care costs, not to mention high defense budgets) it is social…

by Bruce Webb Reader BuffPilot has been asking Angry Bear for awhile now to post the following graph http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/ If you follow the link you will see that Heritage updated…

…system overstates the current account deficit of a country like the US, with heavy outward FDI. This deficit would be greatly reduced if sales outside the US of overseas affiliates…

…deficit, to narrow that projection of $1.4 trillion, according to a Congressional Budget Office estimate. This un-borrowed, un-spent money qualifies as deficit reduction? Yes. We expected a $1.4B deficit, it…

…This means that the public debt does not affect consumption. When he wrote his post, I said I thought his conclusion depended on this assumption. My thought was that deficit…

…Friday July 17. CBO releases a new score for HR3200 which now includes the spending and revenue provisions not scored on Tuesday. PRELIMINARY ESTIMATE OF THE EFFECTS ON THE DEFICIT…