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.

Good and Bad Deficits

Fiscal deficits have been reduced by half in the past five years, and external current account deficits are down to 2.5 per cent of GDP.

19. The budget deficit in 1996 was about 5.5 per cent of GDP.

The budget deficit remained less than 5 per cent of gross domestic product (GDP).

The overall budget deficit is still predicted to be 4.1 of Greece s GDP in 2013 a substantial improvement compared to 2010 but still far from fiscal balance. The difference between the overall deficit and the primary deficit implies that the interest on the Greek national debt this year will be 4.1 of GDP.

A deficit?

The State budget deficit has increased by almost 2 per cent of GDP.

Output growth in the US remains anemic, and the economy continues to face three significant deficits a jobs deficit, an investment deficit, and a long run fiscal deficit, none of which is likely to be addressed in an election year.

The Energy Deficit

Budget deficit

The budget deficit stood at more than 50 per cent and public debt at almost 90 per cent of GDP.

The deficit represented 23.5 per cent of GDP (compared to 18 per cent of GDP in 1996 and 15.7 per cent in 1995).

The Sino American Trust Deficit

The Global Trust Deficit

Statement XLII (concluded)

(Signed) Jean Pierre Halbwachs

America s Misplaced Deficit Complacency

America s Three Deficits

Europe needs to make up its mind

Europe s Trust Deficit

Loving America s Deficits

3. Projected operating deficit

3. Projected operating deficit

The US has a persistent overall trade deficit that fluctuates in the range of 3 6 of GDP. But, while the total reflects bilateral deficits with just about everyone, the US Congress is obsessed with China, and appears convinced that the primary cause of the problem lies in Chinese manipulation of the renminbi s exchange rate.

20. For the remaining 5 of the 16 projects in deficit, the Board noted that the total deficit had decreased from 97,721 at the end of 1996 to 85,918 at the end of 1997.

However, the key objective of reducing the public deficit in 1996 was not met, 47 per cent actual compared to 38 per cent planned (actual deficit in 1995 was 57 per cent and in 1994 it was 47 per cent).

Better Red than Dead?

What is the Deficit Endgame?

3. Projected operating deficit

3. Projected operating deficit

3. Projected operating deficit

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

The domestic budget deficit widened to 5.1 per cent of GDP in 2003 from 4.1 per cent in 2002.

It perpetuates deficit spending.

America u0027s Other 87 Deficits

Who Will Run the World s Deficits?

Closing America s Jobs Deficit

3. Projected operating deficit

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.

The solution suggested by the Governor was to borrow about 400 million on the bond market to offset the deficit.

We have vast budget deficits.

Europe s Pointless Deficit Targets?

All Stimulus Roads Lead to China

The business is in the red.