…borrowing to cover its deficits, “government debt” would be replaced by “cumulative to-date government deficit spending.”) I ask not just for clarity, but because (as always), I’m struggling with the…

by Mike Kimel Hi folks! Long time readers probably know I’ve been haranguing on the deficit and the national debt for a long time. Last week I got an e-mail…

by Linda Beale crossposted with Ataxingmatter Some Links Worth Noting at CBPP–causes of deficit, increases in income inequality Center on Budget and Policy Priorities, Where Today’s Large Deficits Come From…

…from 2002 as to what the economy was. In a word the economy was: Yawn. Slow growth, jobless recovery. He then gets into his real message: Deficits as far as…

…missing something. In response to public opposition to deficit spending he expresses the Keynesian argument perfectly Thinking about it rationally, the reason to worry about large deficits is that they…

rdan This chart from Calculated Risk shows the surplus and deficit as a per centage of GDP since 1960. Howard Rich mentioned in his post that the deficit was a…

…reducing the U.S.’s structural current account deficit (the trade deficit). The first is the forced write-off of bad assets, fiscal recapitalization of the banks, or debt-for-equity tactic, and it should…

…assets rendered a net return of about 30 billion dollars. Between 1980 and 2004, the US accumulated a current account deficit of 4.5 trillion dollars. You would expect the net…

…our replacement governor intends to do to reduce our structural deficit is a real challenge even for someone as well informed as John Ellwood. Consider, for example, his presentation A…

…will result in on-budget deficits of $400-$500 bn (roughly 3% of GDP) for the next several years. And of course, this forecast assumes steady real GDP growth of roughly 3%…