All Commentary
Thursday, January 27, 2011

Deficit on Track for Record Height


“The still-fragile economy and fresh tax cuts approved by Congress last month will drive the federal deficit to nearly $1.5 trillion this year, the biggest budget gap in U.S. history, congressional budget analysts said Wednesday.” (Washington Post)

Good thing there’s a debt ceiling.

FEE Timely Classic
“The Politics of Deficit Spending” by Hans F. Sennholz