Thursday, October 28, 2010

Lost in all the Hubbub - Unemployment vs. Deficits

Little notice facts about unemployment and the deficit, Mr. Krugman, take note. Germany's unemployment rate fell to an 18 year low, in spite of, no, because of a budget deficit that is a paltry 4.39% of GDP.

Some interesting comparisons:

Note how high deficits do not seem to be correlated with preventing unemployment. Some of the nations most similar to the U.S. that have the lowest deficits also have the lowest unemployment rate. I'll be asking Mr. Krugman for a nomination for that prize.

Exit question: Which party is advocating more and larger deficits? This is all you need to know to vote Republican.

Projected U.S. Budget Deficits Under Obama

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