Calafia Beach Pundit submits:
Here's my belated update of the federal budget charts for February, with data released Wednesday. (Click on all charts to enlarge) The bad news is that the deficit for the 12 months ended February was $1.5 trillion, just over 10% of GDP. There's a study going around that says that deficits become a significant drag on growth once they reach 10% of GDP or so, and that makes sense to me. When the federal government borrows that much, that effectively soaks up a lot of the economy's savings, which could otherwise have been put to more productive use. Complete Story »
Federal Budget Update: February, 2010
Videos
Jack Crooks' World Currency Watch
