…spending will be about $3.5 trillion (24% of GDP). That means a projected deficit for 2010 of $1.3 trillion, second only to 2009’s deficit as a percentage of GDP (9.1%…

…I feel free to display my ignorance after the jump. The conventional wisdom seems to be that we have to do something about the long term deficit, but that the…

…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…

…home. Yup Yup. Then Clinton joined the lobbyist crowd and made his millions. Now we have Obama his loves the big CEO`s— Obama’s efforts to stem outsourcing/offshoring have been silly….

…failure would not only tarnish Republicans; it would also stain Obama’s legacy. ” 2) “Great presidential leadership entails figuring out how to deal with even those who do not like…

…“no” to spending. Here we go. Her first sentence is an exercise in made-up right-wing talking point mythology. I’ve already exploded the ‘Obama is a profligate spender” myth, here, here,…

…Obama should propose a cut in corporate tax rates, because corporations need to have money to use for INVESTMENTS. And of course Brooks wouldn’t say that unless corporate profits* ARE…