Recent Blog Posts
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The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
Apr 27 20098:45 am EDT -
Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
Apr 26 20099:36 am EDT -
Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:41 am EDT -
What Good is the News?
Apr 25 20098:32 am EDT -
Stressful Enough
Apr 24 20092:29 pm EDT -
Not Regretting the Pound
Apr 24 20091:09 pm EDT -
Introducing the New Ford Squeeze
Apr 24 20099:47 am EDT
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Feb 26 2009 12:20pm EDT
The Astonishing Budget Deficit
Now I see what he was talking about. I was worried about Barack Obama's plans to cut the budget deficit in half by the end of his first term: I thought they implied undue optimism about the economic future of this country. As it turns out, they just implied an almost unimaginably-large deficit at the beginning of his first term: $1.75 trillion. I should hope that's cut in half by 2013. If it isn't, then no politician will be able to save us.
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