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Cause, Meet Effect

The State of Minnesota has announced a $935 million dollar budget deficit, which will balloon up to nearly $2 billion over the next few years. More worrisome, there is a prediction that individual income tax receipts will decline, reducing the main source of the state’s income. Of course, the typical reaction from the left has [...]

Posted in General

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The Shrinking Deficit

Megan McArdle observes that the national budget will be nearly balanced by the time George W. Bush leaves office, provided that current trends continue: Thanks to George Bush’s amazing deficit reduction plan, the budget deficit is now only 1.2% of GDP. If this trend continues, by the time George Bush leaves office, the budget will [...]

Posted in Economics

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