Tag Archives: Budget Deficit

The budget deficit is the change in the nominal face value of public debt. It is roughly unique (as far as I know) being the change in a quantity which is not corrected for inflation. We do not usually talk about nominal GDP growth or nominal wage growth. The sustainable deficit increases one for one in debt*inflation, so the term should be removed if one is thinking of long term sustainability. I think the reason the absurd number is used is...

I believe we are. This is kind of interesting. The article on the budget deficit is from August. From what I have been reading in WaPo, etc., they are claiming the deficit increased. This does not surprise me either with all the inflation occurring from oil, supply chain issues, etc. The question to ask is whether we are worse off than the 2008 collapse of Wall Street and the resulting recession. This article is from Politico; “White House...