The proposed solution a commission to recommend a path to balance the primary deficit (the deficit excluding interest payments) in 2015.

The difference between the overall deficit and the primary deficit implies that the interest on the Greek national debt this year will be 4.1 of GDP.

The International Monetary Fund was predicting only that Greece would have a zero primary budget deficit in 2013.

The Plaza Accord was successful in reducing the U.S. trade deficit with Western European nations but largely failed to fulfill its primary objective of alleviating the trade deficit with Japan.

Surprisingly, Koizumi was almost successful. Japan s primary deficit of 28 trillion in 2002 was reduced to only 6 trillion by 2007.

To put that task in perspective, in the last 25 years, Greece ran an average primary deficit of 2 per year.

Large reductions in public sector wages brought down the primary deficit, but employment maintenance lowers productivity, raises costs, and delays adjustment.

According to the International Monetary Fund, the budget deficit is declining, and the primary surplus (net revenues minus interest payments) is growing.

This deficit reflects an underlying research deficit.

And he came close to being successful, as the primary deficit of 28 trillion in 2002 was reduced to just 6 trillion in 2007.

BERKELEY The United States is beset by four deficits a fiscal deficit, a jobs deficit, a deficit in public investment, and an opportunity deficit.

Looking ahead, the IMF predicts that Greece will have a gradually rising primary surplus and a gradually declining overall deficit over the next several years.

Countries can reduce their national debt by narrowing the budget deficit or achieving a primary surplus (the fiscal balance minus interest payments on outstanding debt).

Third, the administration issued its mid year budget update, which projects huge deficits as far as the eye can see. The proposed solution a commission to recommend a path to balance the primary deficit (the deficit excluding interest payments) in 2015.

(deficit) adjustment

SURPLUS (DEFICIT)

That restructuring will occur, deficit spending or no deficit spending.

There is both a knowledge deficit and an understanding deficit.

A federal budget that achieves primary balance has federal revenues equaling spending but with a remaining budget deficit as a result of interest payments on past debt.

Additional deficit spending

Europe s Trust Deficit

Europe s Vision Deficit

The Energy Deficit

The Skills Deficit

Gross surplus (deficit)

Net surplus (deficit)

Nature Deficit Disorder.

Even with German level interest rates, Greece would have to run a primary surplus of at least 2 of GDP still quite large, and far from today s deficit.

Europe s Pointless Deficit Targets?

America s Misplaced Deficit Complacency

Closing Europe s Defense Deficit

Global Warming s Technology Deficit

Latin America s Education Deficit

Closing America s Jobs Deficit

The Global Trust Deficit

6. Projected operating deficit

6. Projected operating deficit

3. Projected operating deficit

Surplus (deficit ) for period

Attention Deficit Hyperactive Disorder.

long term deficit trajectory?

Attention Deficit Hyperactivity Disorder.

It perpetuates deficit spending.

Attention deficit hyperactivity disorder predominantly inattentive (ADHD PI), formerly attention deficit disorder (ADD), is one of the two types of attention deficit hyperactivity disorder (ADHD).

Because those deficits are the primary cause of America s current account deficit and thus of global imbalances the health care debate s outcome will affect governments and investors around the world.