« Did the Fed Cause the housing Bubble? | Main | 'Monetary Policy in a Liquidity Trap' »

Thursday, April 11, 2013

'The Rapidly Shrinking Federal Deficit'

Calculated Risk:

... It shocks people when I tell them the deficit as a percent of GDP is already close to being cut in half (this doesn't seem to ever make headlines). As Hatzius notes, the deficit is currently running under half the peak of the fiscal 2009 budget and will probably decline further over the next few years with no additional policy changes.

    Posted by on Thursday, April 11, 2013 at 09:10 AM in Budget Deficit, Economics | Permalink  Comments (26)


    Feed You can follow this conversation by subscribing to the comment feed for this post.