An article in Bloomberg reports that, for the second year in a row, the U.S. Treasury Department is projected to issue $1 trillion in new debt to finance the growing…
Tag: deficit
Krugman on Why Politicians Don't Get Debt
For much of 2011, politicians have been squabbling over how to pare the U.S.’s deficit. But Paul Krugman says they’re misguided in doing so. “This misplaced focus said a lot…
Icahn: For Now, Focus on Jobs, Not Deficit
While acknowledging the U.S.’s budget problems, hedge fund guru Carl Icahn says now is not the time to be focusing on reducing the country’s deficit. “I think at this time,…
Krugman: We Need a Short-Term Fix
While many say the U.S. should be focusing on long-term solutions to its debt problems, Nobel Prize-winning Economist Paul Krugman says that a more pressing need is a short-term fix…
Ritholtz: Markets Don't Care about Deficits
Barry Ritholtz of FusionIQ and The Big Picture blog says that markets don’t “really care at all about deficits”, something that is a “great misunderstanding”. Ritholtz tells Bloomberg that while…