Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/obama deficit commission

Obama and Social Security: why NOT to worry

Parts of the blogosphere are in an uproar over some Q&A the other day that some interpreted as Obama putting Social Security ‘reform’ on the table. Well for reasons outlined…

Trade deficit is going where?

…as virtually all the retailer’s cheap goods are imports from Asia. The trade deficit A quick look at where the US’s trade deficit is concentrated reveals just how grim the…

Snow’s Garbage on the Deficit

Aaargh! Snow: Spending cuts to reduce deficit WASHINGTON (Reuters) – The White House aims to shrink the U.S. budget deficit through spending restraint and strong government revenues but will oppose…

…projected 2004 GDP of $11,266 bn. So he lied: the deficit is significantly above “4.7% of GDP.” 2. “The deficit we’re running today… will still be less… than it was…