Unfortunately, the United Nations suffers from a democracy deficit.

Good and Bad Deficits

According to a number of ministers, there was a democratic deficit in the Bretton Woods institutions.

A deficit?

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.

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

MADRID For decades, critics of the European Union have spoken about a democratic deficit. I never accepted that reproach of the EU and its institutions, but I do see a new and dangerous deficit within the Union a trust deficit, both among governments, and among the citizens of various member countries. 160 Indeed, if today s euro banknotes included a motto, as dollars do, it could well be, In Europe We Distrust.

MADRID For decades, critics of the European Union have spoken about a democratic deficit. I never accepted that reproach of the EU and its institutions, but I do see a new and dangerous deficit within the Union a trust deficit, both among governments, and among the citizens of various member countries. Indeed, if today s euro banknotes included a motto, as dollars do, it could well be, In Europe We Distrust.

The Sino American Trust Deficit

The Global Trust Deficit

Statement XLII (concluded)

(Signed) Jean Pierre Halbwachs

If America s Democrats lose in the mid term elections this November, there is a risk of persistent fiscal deficits as Republicans veto tax increases while Democrats veto spending cuts. Monetizing the fiscal deficits would then become the path of least resistance running the printing presses is much easier than politically painful deficit reduction.

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 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.

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?

Fiscal consolidation. Large budget deficits are absorbing the national savings that should be used to expand business investment, and are increasing the national debt that will have to be financed by future taxes.

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.

We have vast budget deficits.

Europe s Pointless Deficit Targets?

All Stimulus Roads Lead to China

The business is in the red.

3. Projected operating deficit (1 less 2)

The counterargument hinges on the difference between the current account deficit and the trade deficit. The current account deficit is equal to the trade deficit plus the cost of servicing the net international asset position the net rent, interest, and dividends owed to foreigners who have invested their capital in the US.

That is how the turnaround of the economy took place by reducing the fiscal deficit and converting the external balance of payments from deficit to surplus.

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.