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France to shrink deficit by 2017

The French government says it will reduce its budget deficit to below the EU threshold of 3% of GDP by 2017, two years later than promised.

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The Inflation Fighters Want to Increase the Debt Burden on Our Children

Are you worried about the government running deficits in the hundreds of billions of dollars and a debt in the TRILLIONS? If so, then you should be really angry at people calling for the Federal Reserve Board to raise interest rates. If the rate hikers get their way, they will add trillions of dollars to the debt burden borne by our children and grandchildren. Okay, I’ll stop with the deficit hawk garbage, but there is a simple point here. If the Fed slows the economy and keeps people from getting jobs, we will face larger budget deficits.

Continue reading The Inflation Fighters Want to Increase the Debt Burden on Our Children