Since I put a ‘liberal’ name in a previous post, I will also put up a ‘conservative’ name on budget balances: Menzie Chin at Econbrowser points to other CBO numbers…
The Cyclically Adjusted Budget Balance: Shrinking Rapidly
The CBO has just released estimates of the cyclically adjusted budget balance (or, specifically, the budget balance without automatic stabilizers). The cyclically adjusted budget balance is a better measure of the fiscal stance. The evolution of this series is interesting.
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