Every time Washington goes through a new bout of deficit hysteria, it's important to remember that most of the politicians warning about the dangers of the annual deficits or the national debt don't really care about them.
First, let's be clear. Republicans don't give a rat's behind about deficits or the national debt. Their hero Ronald Reagan tripled it, George W. Bush doubled it -- and Dick Cheney famously said that deficits don't matter. That Paul ... Read Post
As Chinese exports crashed in January (and imports were extremely weak), one could be forgiven for expecting the US trade deficit to be more extreme than the tumble it experienced in December... but no. The US Trade Deficit printed ... Read Post