Megan McArdle on the Obama deficits: According to the CBO, which is usually preferred for projections because it does not share the White House Office of Management and Budget’s fervent desire to please the boss, the debt-to-GDP ratio will end up north of 80% early in the next decade. It peaked around 110% at the [...]

During the campaign, Jacob Zuma mastered the art of telling audiences what they wanted to hear. He would appear before Afrikaans farm communities, black township residents, left-wing university students and business-owning investors, assuring each group equally that their interests would be looked-after by the new government. Zuma was also notoriously reluctant to talk about policy, [...]

Ray Hartley is concerned about budget deficits under Zuma’s increased spending plan: The ANC’s reaction to news that we are in recession – a pretty shocking one at that with GDP coming in at -6,4% – has been to say that spending on infrastructure and public works must be accelerated. Which is all good and [...]