Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing. Peter Orszag Read Quote
Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both. Peter Orszag Read Quote
Well, I think what we need to remember is that budget deficits can impede economic activity. Peter Orszag Read Quote
