Among independents, according to Pew, “strengthening the economy” outpolls “reducing the budget deficit” by 22 points.
Barack Obama and Hillary Clinton each said something smart about the budget deficit last week.
Accelerating economic activity is rapidly reducing the budget deficit.
Governor Brown is being credited with reducing the California budget deficit.
The US budget deficit is about 7% of GDP (and dropping fast).
Thus, the budget will be either cruelly cut or the budget deficit will increase.
Unfortunately, it will increase the size of the budget deficit.
Next year the budget deficit will be only slightly less than this year.
If the Congress enacts the tax increase, we will reduce the budget deficit by some $12 billion.
Last year, we began to put our house in order by tackling the budget deficit that was driving us toward bankruptcy.