Deficit Archive

Obama: “We can’t generate sustained growth without getting our deficits under control”

[Skip to the end] I was hoping not to be reading this: Obama aims to halve deficit by 2013 by Ross Colvin Feb 22 (Reuters) — Obama wants to slash the ballooning deficit in half by 2013, U.S. officials said Saturday, after massively increasing public spending to stem the worst economic crisis ...Read More

IMF warns of ‘disturbing’ UK debt

[Skip to the end] IMF warns of ‘disturbing’ UK debt The level of debt in the UK is “disturbing,” the head of the International Monetary Fund has said. But Dominique Strauss-Kahn told the BBC that given the severity of the economic downturn, more government borrowing was the lesser of two evils. No, ...Read More

Government spending may be accelerating

US Jan budget surplus narrows as spending hits record by David Lawder WASHINGTON, Feb 12 (Reuters) – The U.S. government posted a $17.84 billion budget surplus for January, less than half the year-earlier surplus, as spending hit a record for the month while receipts fell from a year ago, the U.S. Treasury ...Read More

AMT tax cut

Seems the AMT tax cut has a chance of getting through with being ‘paid for’ if the Democrats capitulate. This would add about 100 billion to the deficit and help support aggregate demand a bit. ♥ ...Read More