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Nearly every man who develops an idea works it up to the point where it looks impossible, and then he gets discouraged. That's not the place to become discouraged.
Thomas Edison Categories
Tag Archives: national deficit
US budget deficit on pace to hit $1.3 trillion
The federal government is on track to record the second-highest deficit of all time with one month left in the budget year.
The deficit totaled $1.26 trillion through August, the Treasury Department said Monday, September 13. That puts it on pace to total $1.3 trillion . . . read more Read More
A trillion dollars taxes the mind and the taxpayer
Thinking of counting to a trillion one second per number? Better get started. It will take 31,688 years.
And tack on a few more years if you want to go for 1.35 trillion, the dollar estimate for the federal deficit in the current budget year. . . . read more Read More
Autumn View
The majority of forecasting economists see U.S. economic growth returning in the current quarter, with most forecasts actually revised higher in recent weeks to reflect stronger performance. Reasonably solid growth during 2009’s final quarter also seems on tap, with positive, … Read More
Twins No More
During the past 30 years or so, American economists talked about the “twin deficits,” i.e. those of the budget and of global trade. The budget deficit was viewed as the more critical by many, while others wrung their collective hands about the deficit in trade with other nations.
At times, both deficits grew. At other times, both deficits declined. Earlier in this decade, the budget deficit was in decline, while the trade imbalance with the world was rising rapidly. These deficits are now moving in opposite directions. Read More
Understanding Fiscal and Monetary Policies
Without a doubt, the recession that began in December 2007 has shaken up our perspective on the economy. Beyond the pressing issues facing Americans who have lost their jobs or their homes, the outcome of this recession centers on changes in the monetary and fiscal policies that underlie our economy.
What do these factors mean to you? Read More
