Deficit Falls by $20 Trillion and NPR Doesn't Even Notice

Given the obsession with the government budget deficit that NPR shares with most major news outlets, you would think they would find some room to mention a drop in the defcit of $20 trillion (yes, that's "trillion" with a "t"), but no, apparently they didn't think it was important.

If this sounds very strange to you, it's because the decline is in a bizarre measure of the deficit known as the "infinite horizon" budget deficit. It's originator was Boston University professor Lawrence Kotlikoff...

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Published on May 28, 2015 06:45
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