Budget Deficit Archive

Ed Harrison’s post

Out of control US deficit spending By Edward Harrison April 30 — Regular readers know that, while I have a little of what Marshall Auerback calls deficit terrorism in my DNA, I fully support fiscal stimulus as a means to arrest a deep downturn. Yes, though I like to say ‘removing fiscal ...Read More

Bloomberg: Budget deficit to rise in Italy

Countercyclical budget deficit growth could bring on a national credit crisis in the Eurozone that makes the current US situation look like child’s play. This is their vulnerability that came with the Maastricht Treaty and has yet to be tested. Italy Halves Growth Forecast, Sees Deficit Rising by Flavia Krause-Jackson (Bloomberg) The ...Read More