body~politic

Tuesday, October 11, 2016

The Fiscal State of Play | Committee for a Responsible Federal Budget

The Fiscal State of Play | Committee for a Responsible Federal Budget



Perhaps the key fiscal metric of concern – debt held by the public – stands today at $14.2 trillion, or 77 percent of GDP, which is the highest it has been since just following World War II (1950). And it is projected to grow further to 86 percent of GDP by 2026 and exceed 100 percent of GDP around 2035.
The bottom line is that while deficits and especially debt are already high today, the more troubling picture is where we are heading tomorrow. That's why we need to make getting control of the medium- and long-term debt a priority. All fiscal indicators are projected to deteriorate, and the debt is on an unsustainable path growing faster than the economy. 


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