Deficit Nonchalance
Who remembers economists’ hysteria over the “Reagan deficits”? Wall Street was in panic. Reagan’s fiscal irresponsibility was bringing the end of the world.
• “Great Recession” seen lasting 3 years, experts say
• House OKs $787B stimulus bill with GOP opposition
• GOP Leader Boehner: ‘NOT ONE MEMBER HAS READ THIS’
• Obama Hails Stimulus Passage as ‘Major Milestone’
Inflation in Russia could reach 14% in 2009 due to increased borrowing from its reserve funds to cover the budget deficit, the finance minister said on Saturday.
On February 2, 2009, NumbersUSA and the Coalition for the Future American Worker launched an ad campaign focusing on the fact that American businesses continue to import 1.5 million foreign workers each year when there are more than 11 million unemployed Americans.
U.S. Secretary of State Hillary Clinton said Tuesday the Obama administration might reconsider its plans to deploy an ABM system in Eastern Europe – if Iran agrees to compromise on its nuclear program.