Browsing articles tagged with " deficits"
Nov 9, 2013

Trade deficit or budget deficit: which should worry us?

We hear a lot these days about the U.S. government’s budget deficit. But what we ought to be talking about is the country’s trade deficit, write Jared Bernstein and Dean Baker:

Running a trade deficit means that income generated in the United States is being spent elsewhere. In that situation, labor demand — jobs to produce imported goods — shifts from here to there.

 

Read their op-ed piece here.

Oct 8, 2012

Talking sense on the nation’s balance sheet

Mattea Kramer of the National Priorities Project writes:

Ironically, those in Washington arguing for urgent deficit reduction claim that we’ve got to do it “for the kids,” that we must stop saddling our grandchildren with mountains of federal debt. But if your child turns 18 and finds her government running a balanced budget in an America that’s hollowed out, an America where she has no chance of paying for a college education, will she celebrate?

Read her guide to what’s missing from the presidential debates here.