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economics Uncategorized

Federal Budget Deficit Falls to Smallest Level Since 2008

Federal Budget Deficit Falls to Smallest Level Since 2008 In nominal terms, that is the smallest deficit since 2008, and signals the end of a five-year stretch beginning with the onset of the recession when the country’s fiscal gap came in at more than $1 trillion each year. As a share of the nation’s economy, […]

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economics Uncategorized

Krugman: Where Are The Deficit Celebrations?

Krugman: Where Are The Deficit Celebrations? For three years and more Beltway politics has been all about the deficit. Urgent action was needed to avert crisis. A Grand Bargain absolutely had to be reached. Fix the Debt, now now now! So where are the celebrations now that the debt issue looks, if not solved, at […]

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politics Uncategorized

Outside the Bubble

A new CBS poll says virtually no one thinks the deficit or the national debt are the top problems facing the country. From Talking Points Memo Not surprised one bit. I’d be willing to bet that the tea-party folks most vocal about debt, deficit and taxes are no more knowledgeable on those topics then a sampling of […]