Excessive Deficit News Today

The European Commission (EC), in its new macroeconomic estimates, has revised Spain's Gross Domestic Product (GDP) growth in 2024 upwards, from 1.7% to 2.1%.

The situation of public finances remains fragile and generates concern that the budget deficit target for this year risks not being reached, stated the president of the Foreign Investors Council (FIC) in Romania, Daniel Anghel, during the latest meeting of FIC with top officials of the Ministry...

The president's rant against companies is a weak attempt to distract us from the fact that his (and his predecessor's) excessive spending policies during the pandemic caused the inflation.

President Joe Biden wants to remind you that your Super Bowl party was more expensive than it used to be. The reason, he claims, is corporate greed and “shrinkflation.” In a social media video before Sunday night’s game, he spoke of companies selling “smaller-than-usual products where the price stays the same.” He opposes this behavior […]

The wave of 'shrinkflation' came in response to the rise in inflation the country experienced starting in 2021, so it is baffling that the president would…

 

Biden wants to remind you that your Super Bowl party was more expensive because, he claims, of corporate greed and "shrinkflation."

President Joe Biden is correct: Shrinkflation is real. The great irony is that it's largely his fault.

The president criticized companies for selling "smaller-than-usual products" whose "price stays the same." But it was his and his predecessor's spending policies that caused the underlying issue.

Blaming companies for inflationary price hikes is both wrong and cowardly.