by sslifer | Sep 11, 2020 | Commentary for the Week, NumberNomics Notes
September 11, 2020 The Congressional Budget Office recently released its updated 10-year budget forecast. The budget deficit for the current fiscal year will be $3.3 trillion. It remains in excess of $1.0 trillion every year between now and 2030. Each year that the...
by sslifer | May 22, 2020 | Commentary for the Week, NumberNomics Notes
May 22, 2020 Modern monetary theory has moved to center stage in the debate about the proper role of monetary policy. Whether you are a strident believer or a ferocious detractor depends largely upon your political persuasion. The left-wing of the Democratic Party...
by sslifer | Mar 27, 2020 | Commentary for the Week, NumberNomics Notes
March 27, 2020 The quote came from FDR’s first inaugural address in January 1933 as the depression reached its depth. As we find our way through the minefield of difficulties created by the corona virus, we believe that we are paralyzed by unjustified terror. We are...
by sslifer | Jan 25, 2020 | Budget / Debt Outstanding, NumberNomics Notes
January 25, 2020 The Congressional Budget Office recently reported that the budget deficit for the current fiscal year is likely to be $1.0 trillion. A deficit of that magnitude will push debt held by the public to 80.7% of GDP. For the first seven years of the...
by sslifer | Jan 25, 2020 | Budget / Debt Outstanding, NumberNomics Notes
January 25, 2020 The Congressional Budget Office reported that the budget deficit for fiscal year 2019 came in at $984 billion. For the current fiscal year (FY 2020) the budget deficit is projected to be $1.0 trillion. It will remain above the $1.0 trillion level...
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