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How worried should we be about the deficit?
marginalrevolution.com — There have been many posts on this topic lately, start with Paul Krugman and Brad DeLong if... you need to catch up.  Today I have a few simple points: 1. Even if "it is fine to borrow more" is the most likely scenario, it is not the ... (more) How worried should we be about the deficit?
Obama's Wrong-Headed Thinking on the Deficit
economistsview.typepad.com — Edward Harrison catches this quote from Obama: The president is in Beijing as part of his tour... through several Asian countries to address economic challenges. He spoke candidly about the precarious balancing act his administration is trying to ... (more) Obama's Wrong-Headed Thinking on the Deficit

US Trade Deficit Latest Blog Posts

The dollar and the budget deficit
You can't cut the deficit without a bill that cuts the deficit
voices.washingtonpost.com — If a for-profit company had the same kind of accounting that the government has for this bill,... the company's management would be in jail and the company would be indicted for accounting/securities fraud. "Not that long" isn't an accounting or legal ... (more) You can't cut the deficit without a bill that cuts the ...
Deficit hysteria
krugman.blogs.nytimes.com — Isn't there something weird about a conventional wisdom that's at odds with market prices?... (more) Deficit hysteria
Republican Deficit Hypocrisy
forbes.com — The human capacity for self-delusion never ceases to amaze me, so it shouldn't surprise me that so... many Republicans seem to genuinely believe that they are the party of fiscal responsibility. Perhaps at one time they were, but those days are long ... (more) Republican Deficit Hypocrisy
Whistling Past the Deficit
nytimes.com — New York’s governor could not have spoken more plainly than he did last week before a joint... session of the State Legislature. “Quite frankly, we are running out of money,” he said, as he asked members to help cut the budget. The plea has so far gone ... (more) Whistling Past the Deficit
America's Fiscal Deficit - Stemming The Tide
economist.com — STUDENTS at National Defence University in Washington, DC, were recently given a model of the economy and... told to fix the budget. To get the federal debt down, they jacked up taxes and slashed spending. The economy promptly tanked, sending the debt ... (more) America's Fiscal Deficit - Stemming The Tide
California faces a projected deficit of $21 billion -
California faces a projected deficit of $21 billion -
latimes.com — California faces deficit Gov. Arnold Schwarzenegger will present his next proposed budget in January. Republicans vow to... block new taxes; Democrats say they are through with cuts. ( Eric Paul Zamora / Associated Press ) (more) California faces a projected deficit of $21 billion -
Pension Benefit Guaranty Corporation Deficit Increases
calculatedriskblog.com — The Pension Benefit Guaranty Corporation (PBGC) is the federal agency that guarantees pensions for 44 million Americans.... The PBGC deficit doubled over the last six months to $22 billion ... but this is only just the beginning as the agency's potential ... (more) Pension Benefit Guaranty Corporation Deficit Increases
Daily Bail Exclusive With David Walker: "Young People Wake Up, Ignorance And Apathy Make For A Toxic Mix"
Daily Bail Exclusive With David Walker: "Young People Wake Up, Ignorance And Apathy Make For A ...
dailybail.com — David Walker is the former Comptroller General of the United States (the nation's top independent accountant), and... is the current President and CEO of The Peterson Foundation, a group we've highlighted several times, and whose founder Pete Peterson is a multi-decade champion of fiscal ... (more) Daily Bail Exclusive With David Walker: "Young People ...
Fiscal Expansion That Is Deficit Neutral in the Long Run
Fiscal Expansion That Is Deficit Neutral in the Long Run
delong.typepad.com — Mark Thoma is alarmed by our president: Economist's View: Obama's Wrong-Headed Thinking on the Deficit : Edward... Harrison catches this quote from Obama.... Obama warned the United States' climbing national debt could drag the country ... (more) Fiscal Expansion That Is Deficit Neutral in the Long Run
Trade Deficit in U.S. Increases by Most Since 1999 (Update2)
Trade Deficit in U.S. Increases by Most Since 1999 (Update2)
bloomberg.com — Nov. 13 (Bloomberg) -- The trade deficit in the U.S. widened in September by the most in... a decade, reflecting rising demand for imported oil and automobiles as the economy rebounded from the worst recession since the 1930s. The gap grew a ... (more) Trade Deficit in U.S. Increases by Most Since 1999 (Update2)
California faces a projected deficit of $21 billion
hf-implode.com — " The legislative budget analyst's projection, to be released Wednesday, threatens to send Sacramento back into gridlock... and force more broad cuts to state programs." (more) California faces a projected deficit of $21 billion
Obama's Secret Plan For Deficit Reduction: Talk A Lot, Dr. Doolittle
Obama's Secret Plan For Deficit Reduction: Talk A Lot, Dr. Doolittle
dailybail.com — Obama yesterday finally unveiled what he, Geithner, Summers, Romer and Goolsbee have been promising for months would... be "a substantial program of deficit reduction."  Say hello to Dr. Dolittle, now serving as your President. But first, here's what Senator Bank's Obama said about ... (more) Obama's Secret Plan For Deficit Reduction: Talk A Lot, ...
Mobilize.Org And The Peterson Foundation -- Democracy 2.0 Summit
Mobilize.Org And The Peterson Foundation -- Democracy 2.0 Summit
dailybail.com — We're here in Chicago to participate and cover the 3-day event .  Our thanks to Mobilize CEO... Maya Enista for her help in securing our attendance.  Former Comptroller General of the United States and current President of the Peterson Foundation, David Walker kicks off ... (more) Mobilize.Org And The Peterson Foundation -- Democracy ...
Washington Post Budget Editorial is So Wrong Because...
capitalgainsandgames.com — I promised over the weekend that I had much more to say about Saturday's Washington Post editorial... on the deficit that was...well...completely wrong. Take a look. Wars and Health Care Reform Should Both Be Paid For Oct. 27, 2009 By Stan ... (more) Washington Post Budget Editorial is So Wrong Because...
Clive...The Deficit Is Not A Budget Process Problem
Clive...The Deficit Is Not A Budget Process Problem
capitalgainsandgames.com — My friend Clive Crook says in his latest National Journal column that the federal budget process has... to be changed to deal with the looming fiscal crisis in the U.S. (He also says at the end of the column that revenues will have to increase, but ... (more) Clive...The Deficit Is Not A Budget Process Problem
Democrats Push for Plan to Cut Deficit
Democrats Push for Plan to Cut Deficit
nytimes.com — Senator Kent Conrad, a co-sponsor of a plan to create a deficit-cutting commission says, “It is imperative... that we act.” (more) Democrats Push for Plan to Cut Deficit
Complete Interview Tim Geithner On Meet The Press (November 1)
Complete Interview Tim Geithner On Meet The Press (November 1)
dailybail.com — Video: Tim Geithner On Meet The Press With David Gregory, November 1, 2009 ********** GREGORY: Let me... talk about the deficit and the debt.  These are alarming numbers, you said they are.  Let's look at the deficit since Inauguration Day : $1.2 trillion, now $1.4 trillion; ... (more) Complete Interview Tim Geithner On Meet The Press ...
It's The Bailout Culture And Out-Of-Control National Debt, Stupid
It's The Bailout Culture And Out-Of-Control National Debt, Stupid
dailybail.com — Tonight's Republican sweep is meaningful and should not be taken lightly by Democrats as they examine strategies... for 2010. The anger was palpable in townhall meetings, and subsequently today in the voting booth, and it wasn't just about health care. Congresswoman Cynthia Lummis seems ... (more) It's The Bailout Culture And Out-Of-Control National ...
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