In the next 8 years, we saw the surplus we were running reversed and the structural deficit exceeding $1 trillion a year in the next 8 years.
Bill Foster: “In the next 8 years, we saw the surplus we were running reversed and the structural deficit exceeding $1 trillion a year…”
Editor's note · Context
Foster discusses the reversal of budget surpluses into large deficits.
Share
More from Bill Foster
I think it is my personal goal to die before we have another financial crisis, and then I will be doing my job well.
This bill strengthens FSOC's capability to execute its mission by improving consistency, accountability, and outcomes for our financial system. I appreciate also Ranking Member Waters' support for this bill in committee and urge my…
Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.
While the Presidency is often the focus of political pronouncements about macroeconomic conditions, there is no question that it undersells the importance and the independence of the work of the Federal Reserve Board.





