William Watson TikTok politics wont fix the U.S. fiscal mess

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News Source : Financial Post

News Summary

  • A new study shows how stabilizing U.S. public debt requires big tax increases or spending cuts.
  • By 2054 the debt-to-GDP ratio will hit between 183 and 233 per cent, depending on whether currently temporary measures are made permanent.
  • Alan J. Auerbach and William Gale: “Then and now: A look back and ahead at the federal budget,” published by the National Bureau of Economic Research (NBER) The numbers are alarming but the analysis is, if anything, unnaturally calm.
I dont actually mind that the United States political system is trying to unravel which influential people got most caught up in Jeffrey Epsteins oily web. The character of the people who govern shou [+5028 chars]

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