Deficit

Gordon Johnson's picture

Myopic Selfishness of the Wealthy Leads to Constricting Economy

By Gordon Johnson
September 3rd, 2008

The economic stance in favor today is to give breaks to the wealthy under the expectation that if they have more money, they are more likely to be in a position to invest to make our means of production bigger and better. What the stance is missing is that corporations do lots of marketing studies to figure out how much of what to produce. Guess what the marketing studies look at? more »

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Armand Biroonak's picture

CAF STAFF

Bush Tax Cuts Leave a Deficit

Submitted by Armand Biroonak
July 17th, 2008

The Bush tax cuts that promised to pay for themselves, in fact will cost American taxpayers $300 billion last year. The tax cuts are primarily responsible for the deficit.

Source
James Horney, "Smaller Deficit Estimate No Surprise: New OMB Estimates Do Not Support Claims About Tax Cuts," Center for Budget and Policy Priorities. 13 July 2007. http://www.cbpp.org/7-11-07bud.htm
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Armand Biroonak's picture

CAF STAFF

Bush Takes Budget Surplus to a Deficit

Submitted by Armand Biroonak
July 17th, 2008

When Bush entered office he took command of a $236 billion surplus, now he will leave the American public with a 2008 deficit of more than $400 billion.

Source
Sheryl Gay Stolberg, "Bush Presents Budget that Would Increase Deficit," New York Times. 5 February 2008. http://www.nytimes.com/2008/02/05/washington/05budget.html?_r=1&oref=slogin
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Alex Carter's picture

CAF STAFF

Unexpected Growth in U.S. Trade Deficit

From news.thomasnet.com
April 16th, 2008
Related Topics:
Submitted by Alex Carter

news.thomasnet.com — You might think that with U.S. consumers buying less, the deficit would fall. Yet the trade gap in U.S. unexpectedly widened for the month of February, according to the latest numbers from the Commerce Department.

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Robert Dorst2's picture

US Trade Deficit Skyrockets under Bush Administration

Submitted by Robert Dorst2 (not verified)
March 14th, 2008

The U.S. trade deficit has almost doubled since Bush took office – up to $712 billion in 2007 from $363 billion in 2001.

Source
U.S. Census Bureau Foreign Trade Statistics, FT900: U.S. International Trade in Goods and Services, February 14 2008. http://www.census.gov/foreign-trade/Press-Release/current_press_release/press.html
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