Our Triple Deficits


 

Publication Date: March 2008

Publisher: National Center for Policy Analysis (U.S.)

Author(s): Bob McTeer

Research Area: Economics

Keywords: Deficits

Type:

Abstract:

Economists often refer to the U.S. trade deficit and the federal budget deficit as problems of inadequate domestic saving. They speak of these deficits "crowding out" domestic investment. They allude to unspecified relationships between these deficits but seldom explain them, confusing everyone.