A conversation about the growing fiscal deficit on Charlie Rose

| 12 June 2009 23:05

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

Source

America’s Sea of Red Ink Was Years in the Making – David Leonhardt, NY Times

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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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