Budget Deficit 490 Billion

Pay It Backward--The Greatest Wealth Transfer in History

Larry Gellman | Posted 11.04.2008 | Business

Read More: Budget Deficit $490 Billion, Obama Housing Crisis, T. Boone Pickens, John McCain, Mccain Housing Crisis, Judaism, Bush Tax Cuts, Thomas Friedman, Energy Policy, Barack Obama, Housing Crisis, Bush Economy, Bush Administration, National Debt Soars, New York Times, Financial Crisis, Wealth Transfer, Pickens Plan, Business News
Larry Gellman

For the last 20 years, I've been hearing that we're in the midst of the Greatest Wealth Transfer in History. The slogan has remained the same but both the beneficiaries of the wealth have changed.

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The Bailout is Not Enough: The End of the Age of Friedman, Part 2

Jeff Madrick | Posted 10.19.2008 | Business

Read More: Budget Deficit $490 Billion, John Maynard Keynes, Milton Friedman, Fiscal Stimulus, Bailout, Recession, Barack Obama, The Great Depression, Business News
Jeff Madrick

It is a necessary first step to unfreezing the capital market, as it was during the Depression. But the recession has come too far to be saved in one fell bank bailout swoop.

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Bush Leaving Next President Record Federal Budget Deficit

AP | ANDREW TAYLOR | Posted 07.28.2008 | Politics

Read More: George Bush, Federal Budget, Federal Budget Deficit, Record Budget Deficit, Bush Administration Budget Deficit, Budget Deficit $490 Billion, Politics News

WASHINGTON — The government's budget deficit will surge past a half-trillion dollars next year, according to gloomy new estimates, a record floo...

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