Debt Mountain In a post that relates to Kash’s Monday post on the current accounts deficit, Karsten, a European blogger who follows finance, explains why massive US deficits haven’t lead…

…YEAR 2004 (Billions of dollars) CBO OMB Receipts 1,817 1,791 Outlays 2,294 2,319 Deficit -477 -527 On-budget deficit -631 -682 Off-budget surplus 154 154 Sources: Office of Management and Budget;…

Continued Deficit Misdirection from the Bush Administration I’m amazed that they can continue to parrot this line: Treasury’s Snow blames war on terror for US deficit WASHINGTON, Feb 12 (Reuters)…

…window just right, then maybe, just maybe, the deficit will be cut in half. Of course, cutting it in half will still mean a deficit over 1/4 billion dollars, or…

…the long-run budgetary consequences of short-run policy moves are properly considered. Y pirouettes in midair and transforms from a deficit hawk into a deficit dove so as not to offend…

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…

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…

…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…

…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…

…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…