A conversation about the growing fiscal deficit on Charlie Rose
Alan Blinder, David Leonhardt, and Alan Auerbach talk about deficits. Leonhardt had a well-regarded piece in the New York Times on the issue linked below.
There are two basic truths about the enormous deficits that the federal government will run in the coming years.
The first is that President Obama’s agenda, ambitious as it may be, is responsible for only a sliver of the deficits, despite what many of his Republican critics are saying. The second is that Mr. Obama does not have a realistic plan for eliminating the deficit, despite what his advisers have suggested.
-David Leonhardt, 9 Jun 2009
America’s Sea of Red Ink Was Years in the Making – David Leonhardt, NY Times