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Tag Archives: budget deficit
Don’t Blame Our Democracy…
Popular Economics Weekly Please don’t blame our Democracy, old as it is—in fact, the oldest in the modern world—for the slowness of this recovery. Winston Churchill on hearing his Labor Party had been defeated in 1947, said in the House … Continue reading
The Wrong Budget Debate
Financial FAQs We are having the wrong budget debate. Washington is not talking about paying down the federal debt, which now totals some $9.5 trillion held publicly. Budget deficits are created when revenues don’t equal spending. So when the focus … Continue reading
Posted in Economy, Macro Economics, Weekly Financial News
Tagged budget deficit, federal debt, Income inequality, New Deal, tax rates
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Which Deficit is Most Important?
Popular Economics Weekly All the talk of budget deficits really focuses on the wrong deficit. It is the output deficit of goods and services lost because of the Great Recession that is most important, not the state and federal budget … Continue reading
Posted in Consumers, Macro Economics, Weekly Financial News
Tagged budget deficit, GDP growth, personal income
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