If you find a correlation between deficit reduction and growth, the reduction could be causing the growth or vice versa. (Or both the deficit reduction and the growth could be due to something else devaluation or higher exports, for example.)

The aim of Italian Eurosceptic government was that the budget deficit was equivalent to 2.4 of gross domestic product (GDP) in the next three years, suggesting that there was no debt reduction despite deficit reduction requirements.

Romney has provided few details about his deficit reduction plan. But, based on what he has revealed, we know that it would increase the jobs deficit, the investment deficit, and the opportunity deficit, with negative consequences for future growth and prosperity.

There is no inconsistency between a progressive, balanced deficit reduction plan and lowering the corporate tax rate. Of all taxes, corporate taxes are the most harmful to economic growth without which meaningful deficit reduction is far more difficult to achieve.

(c) An expert from Montserrat said that Political progress was defined as a reduction of the autonomy deficit inherent in the colonial relationship.

So, how should the US economy s jobs deficit, investment deficit, and long run fiscal deficit be addressed?

A government cannot liquidate its deficit if the source of its revenues, the national income, is diminishing. It is deficit reduction, not debt, that is profligate, because it implies wastage of available human and physical capital, quite apart from the resulting misery.

There is both a knowledge deficit and an understanding deficit.

Improve individual countries domestic policy mix in a manner that targets debt sustainability through both growth promotion and deficit reduction, especially in the most vulnerable peripheral economies

Second, deliberately cutting the deficit is not the best way for a government to balance its books. Deficit reduction in a depressed economy is the road not to recovery, but to contraction, because it means cutting the national income on which the government s revenues depend.

Budget deficit

Deficit (surplus)

A deficit?

But critics are wrong about the impact on the deficit of focused investment. A recent study by the International Monetary Fund produced unequivocal evidence that we can actually maintain deficit reduction plans while benefiting from the additional capital investment that the US and European economies need.

But critics are wrong about the impact on the deficit nbsp of focused investment. A recent study by the International Monetary Fund produced unequivocal evidence that we can actually maintain deficit reduction plans while benefiting from the additional capital investment that the US and European economies need.

Harvard economist Alberto Alesina recently summarized evidence concerning whether government deficit reduction that is, expenditure cuts and or tax increases always induces such negative effects The answer to this question is a loud no. Sometimes, even often, economies prosper nicely after the government s deficit is sharply reduced.

Europe s Trust Deficit

Europe s Vision Deficit

The Energy Deficit

Difference (surplus deficit)

It perpetuates deficit spending.

Europe s Pointless Deficit Targets?

America s Misplaced Deficit Complacency

Global Warming s Technology Deficit

Closing America s Jobs Deficit

The Global Trust Deficit

3. Projected operating deficit

3. Projected operating deficit

3. Projected operating deficit

3. Projected operating deficit

3. Projected operating deficit

3. Projected operating deficit

Surplus (deficit) for period

Valuation results surplus (deficit)

Similarly, a modest carbon tax or value added tax, with credits or subsidies to offset the regressive effects on low income households, could generate enough revenue both to pay for a significant reduction in the corporate tax rate and to make a meaningful contribution to deficit reduction.

But none of these is the deficit that really matters. The deficit that prevents Europe from drawing a line under its crisis is a deficit of trust.

BERKELEY The United States is beset by four deficits a fiscal deficit, a jobs deficit, a deficit in public investment, and an opportunity deficit. The budget proposals put forward by presidential candidate Mitt Romney and his running mate, Paul Ryan, could reduce the fiscal deficit, but would exacerbate the other three.

Our leaders may be intellectually challenged, but they are not suicidal. Deficit reduction eventually will be put into cold storage, either openly, as I would prefer, or surreptitiously, as is politicians way.

Attention deficit disorder, bipolar disorder.

The Sino American Trust Deficit

What is the Deficit Endgame?

VII. The Conference s financial deficit

D. Actual expenditures and deficit

Mr. Bailey, there's a deficit.

An institution, the European Investment Bank (EIB), already exists to carry out such a program. It should be recapitalized on a sufficient scale to offset the contractionary effects of Europe s national deficit reduction programs.