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Germany’s Budget Surplus Strengthens Hand in Dealing With Vulnerable Eurozone Economies

FRANKFURT—Germany’s budget surplus swelled last year and touched all levels of government for the first time since reunification more than two decades ago, strengthening its hand in helping to dictate how vulnerable European countries such as Greece should improve their own finances while likely underscoring worries that Germany isn’t doing enough to stimulate its economy.

Source: http://blogs.wsj.com/economics/2015/02/24/germanys-budget-surplus-strengthens-hand-in-dealing-with-vulnerable-eurozone-economies/?mod=WSJBlog

Why Do Budget Forecasters Keep Getting It So Wrong?

Trying to predict how much money the U.S. government is going to collect and spend over 10 years isn’t easy. To understand how hard it can be, check out the forecasts for the past decade, most of which have missed by a mile.

Source: http://blogs.wsj.com/economics/2015/02/23/why-do-budget-forecasters-keep-getting-it-so-wrong/?mod=marketbeat

Zero National Debt? Not Long Ago, Budget Forecasters Planned for It

What a difference a decade and change makes. At the turn of the century, the U.S. was running surpluses and had a national debt of just $3.4 trillion. The economy had been growing for nearly a decade without interruption. So when President Bill Clinton and President George W. Bush drew up their budgets, they came up with the following forecasts for the national debt.

Source: http://blogs.wsj.com/economics/2015/02/04/zero-national-debt-not-long-ago-budget-forecasters-planned-for-it/?mod=WSJBlog
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