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The Great Deficit Scare: The Federal Budget, Trade, and S...

Eisner, Robert
The Great Deficit Scare: The Federal Budget, Trade, and Social Security
American politics often seems to be focused on three deficits, real and potential: the federal budget, the Social Security Trust Fund, and the trade balance. Robert Eisner, past president of the American Economic Association, explains why this is an unhealthy situation as well as a source of much misunderstanding. He argues that simply looking at the raw numbers creates misimpressions about the country's real economic situation, as well as pro...

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