Arithmetically, higher government saving and a bigger external deficit imply a further fall in private net saving.
In fact, the White House budget office scores the agency as a net positive for the federal deficit.
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This often confuses people into thinking that there's conflict between the two sets of numbers when there isn't: CBO says that federal spending is going to go up to pay for the coverage expansion, but that savings and revenue will go up by even more, leading to a net reduction in the federal deficit.
Nevertheless, opponents like to point out that the Congressional Budget Office has scored a corporate tax holiday as a net revenue loss that would add to the deficit.
When the United States does run a current account deficit and hence (on net) borrows from abroad, it must expect to have to service that debt and it cannot meet those payments by generating outsized returns on its foreign portfolio.
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Once self-sufficient in oil, it has been a net importer since 1993 and today faces a widening oil deficit as demand outstrips supply.
Although the budget is nonbinding and isn't likely to become law, it fleshes out Democrats' vision of a plan to reduce the deficit while protecting safety-net programs.
Since the current-account balance equals the net saving of the private and public sectors, a budget deficit boosts the external deficit.
But one cannot escape the conclusion that although India is a net exporter of economists, its policies still suffer from a deficit of economic logic.
The next game went to deuce seven times, with Sharapova repeatedly erasing a deficit, until Vesnina dumped a weary second serve into the net on break point.
Secondly, we believe, done properly, an agreement to substantially reduce our deficit in a balanced way that will not harm economic growth will be a net positive for economic growth.
The problem is not so much the budget deficit (though Greece was certainly profligate) as the net foreign borrowing by all actors, public and private (say to finance a trade deficit).
As if to pre-empt criticism that deficit reductions and cuts in the social safety net would send Europe into a deflationary spiral, the German leader tried to turn the focus away from the Old Continent.
An empty-net goal in the closing seconds, while Lundqvist watched from the bench, turned a one-goal deficit into a Game 5, season-ending loss in the Eastern Conference semifinal series against the Bruins.
That's a big part of the rebalancing, that at the same time we're going to spur investment, we're going to spur net exports, we do need to put in place a plan for getting our long-run budget deficit under control.
However, Bolton goalkeeper Jussi Jaaskelainen made several fine saves to prevent a rout, and Ivan Klasnic had the ball in United's net only for it to be ruled out before Matt Taylor reduced the deficit with 15 minutes left with a far-post header from a cross by Kevin Davies.
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