The Stealth Budget SurplusGene Koretz
In the current battle over the federal budget, one striking development has not gotten the attention it deserves: While the deficit for fiscal 1995 came in at only $164 billion, or just 1.8% of gross domestic product, the so-called primary balance--that is, the budget position excluding interest payments--swung into surplus by a huge $68 billion.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Smartphones Are Killing Americans, But Nobody’s Counting
- Turns Out It Will Be Congress’s Fault When Stocks Crash
- Why a Pub in the Middle of Nowhere Was Named the World’s Best Restaurant
- Facebook and Google Helped Anti-Refugee Campaign in Swing States
- Ford to Take $267 Million Hit From Recall of F-Series Trucks