positive outlook

Fiscal Drag and Less Thereof by Jared Bernstein

My guess is that the deficit as a share of GDP will be around the same this year as last year, meaning little or no “negative fiscal impulse.”



So, granted that a lot can still go wrong—debt ceiling!—and that the failure to extend UI benefits would counteract some of the pro-growth results I show here, we may have reached a do-less-harm moment from our elected officials. Woohoo!