'The Rapidly Shrinking Federal Deficit'
... 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 Mark Thoma on Thursday, April 11, 2013 at 09:10 AM in Budget Deficit, Economics |
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