The CBO has dropped the '2020 long-term budget outlook' - It's not pretty...cbo.gov/system/files/2… #US #USeconomy #Debt #FiscalMonetaryMelt #Macro #Risk Some take aways...(1/5)
3/5 #US looking for some revenues...#tax bracket creep...An attempt at some humour; modelling potential cuts to deficit to keep debt equal to 100% of GDP...Consequences of rising #debt & some historic context...#Deficits 2020-2030...#Macro #Risk
4/5 Overview of CBO key projections...#Deficits as far as the eye can see...#Demographic trends and #productivity are also dipping well below historic trend lines...#Macro #Risk #US
5/5 #US federal outlays and revenues in select years...Corporate #taxes may get some focus in the next election cycle...at least the #Healthcare industry is well positioned...#Macro #Risk
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