Monday, October 19, 2015

Ornithology: What is a "deficit hawk"?

Nick Timiraos wrote yesterday in the WSJ: Debt, Growth Concerns Rain on Deficit Parade The U.S. budget deficit is lower than before the 2008 financial crisis. But the good news is tempered by concerns on two fronts, one about the nation's debt load and the other about the economy. Deficit hawks are concerned that the improvement will lead both parties to overlook the red ink set to rise later this decade from a surge in spending on health care and retirement benefits for the baby-boom generation. They worry that while the deficit is at the lowest level since 2007, the U.S. has added nearly $8 ......(read more)
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