The Seen and Unseen: Structural Budget Deficits Edition

On Friday I discussed the cyclically-adjusted U.S. budget deficit and asked any Keynesian to reconcile its decline with the steady growth of aggregate demand. Robert Waldman graciously replied, but he really didn’t answer my question. His response focused on the pace of the recovery and changes in the overall budget balance. My question was about [...] View the full post at: The Seen and Unseen: Structural Budget Deficits Edition Related posts: Obama Budget Reduces Federal Deficit by $900 Billion Obama 2010 Budget Plan Sneak Preview A Budget Freeze?