Our synthesis of findings from country-level studies between 2008 and 2010 indicates that the level of potential demand varies widely between countries, resulting in interest deficits ranging from 8% in Kisumu, Kenya, to 49% in Zambia.
The real question is why the primary (ie non-interest) deficit rises and this is the story of the broken US healthcare system.
Watching the public debt to GDP ratios rise to levels likely to reach or exceed 100percentt of GDP by 2014 is deeply worrying, especially with structural primary (non-interest) deficits as high as they are.
And Mr. Bush has shown little interest in deficit reduction.
Trump has shown little interest in deficit reduction, having referred to himself as the "king of debt" during the 2016 campaign.
The weapons of choice to boost the U.S. economy have been low interest rates, deficit spending, and increased money supply through the Fed's balance-sheet expansion to over $3 trillion.
That work revealed how much cost was added by interest on deficit spending and medical care for veterans.
But as the private economy hits its stride, in the interest of deficit reduction in good times, you don't mind the drag.
For example, there is growing interest in deficit irrigation, an irrigation practice whereby water supply is reduced below maximum levels and mild stress is allowed with minimal effects on crop yield (FAO, 2002).
With a Republican president facing a possible recession, Congress will lose interest in deficit-reduction.
