Knowledge Diagram Navigation:

Spatial co-ordinations are initially random, and will automatically re-arrange to minimize complexity based on distance between relationships. Mouse down and drag to pan. Right click on the strategic diagram toggles between motion and stationary. Hover over abstract node (orange) to view abstractions. Hover over leaf node to view corresponding narrative. Left click on the leaf node expands the narrative to view full text.

Narrative Analysis - Report

Key Focus

In fact, government debt can continue to grow steadily over time without posing an immediate threat to the nation's fiscal solvency as long as the yearly deficits are not excessive.". ...

"The coming fiscal crisis will be triggered by a sudden loss of confidence by the general public in the federal government's finances and on those tasked with managing them," Gomes told chairman Sheldon Whitehouse and ranking member Chuck Grassley. ...

No momentum supporting factor found

Challenge supporting factors

(debt,crisis,government,threat)

(debt,crisis,threat)

(debt,government,threat)

(gdp,government,threat)

(gdp,threat)

(debt,crisis,government,solvency)

(debt,crisis,solvency)

(debt,government,solvency)

(gdp,government,solvency)

(gomes,crisis,nip)

(gomes,nip)

(gdp,productivity,university)

(gdp,university)

(gdp,productivity,professor)

(gdp,solvency)

Work-in-progress supporting factors

(debt,crisis,government,sheldon_whitehouse)

(debt,crisis,sheldon_whitehouse)

(debt,federal,crisis,sheldon_whitehouse)

(debt,federal,gomes,sheldon_whitehouse)

(debt,federal,sheldon_whitehouse)

(debt,government,federal,sheldon_whitehouse)

(debt,government,sheldon_whitehouse)

(gomes,crisis,sheldon_whitehouse)

(debt,crisis,government,productivity)

(debt,crisis,productivity)

(debt,gdp,productivity)

(debt,government,productivity)

(gdp,government,productivity)

(debt,crisis,government,loss)

(debt,federal,crisis,loss)

Time Period	Challenge	Momentum	WIP
Report	12.19	0.00	87.82

High Level Abstraction (HLA) combined

High Level Abstraction (HLA)	Report
(1) (debt,crisis,government,threat)	100.00
(2) (debt,crisis,threat)	97.12
(3) (debt,government,threat)	96.74
(4) (gdp,government,threat)	96.51
(5) (gdp,threat)	96.43
(6) (debt,crisis,government,solvency)	95.07
(7) (debt,crisis,solvency)	92.19
(8) (debt,government,solvency)	91.81
(9) (gdp,government,solvency)	91.58
(10) (debt,crisis,government,sheldon_whitehouse)	90.21
(11) (debt,crisis,sheldon_whitehouse)	87.33
(12) (debt,federal,crisis,sheldon_whitehouse)	86.49
(13) (debt,federal,gomes,sheldon_whitehouse)	83.69
(14) (debt,federal,sheldon_whitehouse)	81.94
(15) (debt,government,federal,sheldon_whitehouse)	81.18
(16) (debt,government,sheldon_whitehouse)	80.65
(17) (gomes,crisis,sheldon_whitehouse)	80.12
(18) (debt,crisis,government,productivity)	78.83
(19) (debt,crisis,productivity)	75.95
(20) (debt,gdp,productivity)	75.19
(21) (debt,government,productivity)	74.81
(22) (gdp,government,productivity)	74.43
(23) (debt,crisis,government,loss)	73.14
(24) (debt,federal,crisis,loss)	71.40
(25) (debt,federal,gomes,loss)	68.59
(26) (debt,federal,loss)	67.00
(27) (debt,government,federal,loss)	66.16
(28) (gomes,crisis,loss)	65.48
(29) (debt,crisis,government,gomes)	64.34
(30) (debt,government,federal,gomes)	63.13
(31) (debt,crisis,financial,political)	61.31
(32) (debt,crisis,political)	58.57
(33) (debt,crisis,financial,interest)	57.44
(34) (debt,crisis,financial,inflation)	55.54
(35) (debt,interest,crisis,inflation)	52.81
(36) (debt,interest,inflation)	52.20
(37) (debt,cbo,second_world_war)	51.67
(38) (debt,gdp,cbo,second_world_war)	51.37
(39) (debt,gdp,second_world_war)	50.08
(40) (gdp,cbo,second_world_war)	49.85
(41) (debt,cbo,outlook)	49.39
(42) (debt,gdp,cbo,outlook)	49.09
(43) (debt,gdp,outlook)	48.03
(44) (gdp,cbo,outlook)	47.57
(45) (debt,cbo,increase)	47.12
(46) (debt,gdp,cbo,increase)	46.81
(47) (debt,federal,gomes,crisis)	46.59
(48) (debt,gdp,increase)	45.75
(49) (gdp,cbo,increase)	45.30
(50) (debt,cbo,congressional_budget_office)	45.07
(51) (debt,gdp,cbo,congressional_budget_office)	44.76
(52) (gdp,cbo,congressional_budget_office)	43.93
(53) (debt,gdp,penn_wharton_budget_model)	43.55
(54) (debt,gdp,government)	43.32
(55) (debt,interest,crisis,professor)	41.05
(56) (debt,interest,professor)	40.14
(57) (debt,interest,crisis,gomes)	38.85
(58) (debt,interest,crisis,fallouts)	37.63
(59) (debt,interest,crisis,dollar)	35.66
(60) (debt,interest,workers)	33.38
(61) (debt,interest,spending)	33.08
(62) (debt,interest,retail)	32.78
(63) (debt,interest,investment)	32.55
(64) (debt,federal,policy)	31.34
(65) (debt,government,federal,policy)	30.50
(66) (debt,government,federal,long-term)	29.59
(67) (debt,government,federal,gao)	28.98
(68) (debt,government,federal,drivers)	27.92
(69) (debt,government,service)	27.77
(70) (debt,cbo,debt-to-gdp)	27.47
(71) (gdp,cbo,debt-to-gdp)	26.93
(72) (debt,productivity,run-up)	26.86
(73) (gdp,pandemic,run-up)	26.71
(74) (gdp,productivity,run-up)	26.56
(75) (debt,productivity,pandemic)	26.40
(76) (gdp,productivity,pandemic)	26.33
(77) (debt,productivity,labor_statistics)	26.18
(78) (gdp,pandemic,labor_statistics)	26.10
(79) (gdp,productivity,labor_statistics)	25.87
(80) (debt,productivity,increases)	25.80
(81) (gdp,pandemic,increases)	25.72
(82) (gdp,productivity,increases)	25.49
(83) (debt,productivity,economists)	25.42
(84) (gdp,government,economists)	25.34
(85) (debt,federal,crisis,professor)	18.44
(86) (debt,federal,gomes,professor)	15.63
(87) (debt,federal,professor)	13.88
(88) (debt,federal,crisis,interest)	13.35
(89) (debt,federal,gomes,interest)	10.55
(90) (debt,federal,crisis,fallouts)	9.56
(91) (debt,federal,gomes,fallouts)	7.51
(92) (debt,professor,fallouts)	7.28
(93) (debt,federal,crisis,government)	6.90
(94) (gomes,crisis,government)	4.17
(95) (debt,professor,university)	3.79
(96) (debt,professor,international)	3.72
(97) (gdp,productivity,international)	3.64
(98) (debt,professor,gomes)	3.57
(99) (debt,professor,finance)	3.41
(100) (debt,professor,experts)	3.34

Supporting narratives:

Please refer to knowledge diagram for a complete set of supporting narratives.

challenge - Back to HLA

In fact, government debt can continue to grow steadily over time without posing an immediate threat to the nation's fiscal solvency as long as the yearly deficits are not excessive." ...
High Level Abstractions:

(debt,crisis,government,threat)
(debt,government,threat)
(gdp,threat)
(gdp,government,threat)
(debt,crisis,threat)
Inferred entity relationships (33)
(crisis,debt,gomes,interest) [inferred]
(gdp,government,productivity) [inferred]
(crisis,debt,dollar,interest) [inferred]
(crisis,debt,political) [inferred]
(crisis,debt,threat) [inferred]
(crisis,debt,government,solvency) [inferred]
(debt,government,sheldon_whitehouse) [inferred]
(crisis,debt,federal,gomes) [inferred]
(crisis,debt,federal,government) [inferred]
(crisis,debt,gomes,government) [inferred]
(gdp,government,solvency) [inferred]
(crisis,debt,financial,interest) [inferred]
(crisis,debt,financial,inflation) [inferred]
(crisis,debt,federal,professor) [inferred]
(crisis,debt,productivity) [inferred]
(debt,government,productivity) [inferred]
(crisis,debt,government,threat) [inferred]
(crisis,debt,solvency) [inferred]
(crisis,debt,sheldon_whitehouse) [inferred]
(crisis,debt,federal,sheldon_whitehouse) [inferred]
(crisis,debt,inflation,interest) [inferred]
(crisis,debt,government,sheldon_whitehouse) [inferred]
(debt,government,threat) [inferred]
(crisis,debt,fallouts,federal) [inferred]
(crisis,debt,fallouts,interest) [inferred]
(crisis,debt,government,loss) [inferred]
(debt,government,solvency) [inferred]
(crisis,debt,government,productivity) [inferred]
(debt,government,service) [inferred]
(crisis,debt,financial,political) [inferred]
(crisis,debt,federal,loss) [inferred]
(crisis,debt,federal,interest) [inferred]
(crisis,debt,interest,professor) [inferred]

challenge - Back to HLA

In fact, government debt can continue to grow steadily over time without posing an immediate threat to the nation's fiscal solvency as long as the yearly deficits are not excessive.". ...
High Level Abstractions:

(debt,government,solvency)
(debt,crisis,government,solvency)
(gdp,government,solvency)
(debt,crisis,solvency)
Inferred entity relationships (33)
(crisis,debt,gomes,interest) [inferred]
(gdp,government,productivity) [inferred]
(crisis,debt,dollar,interest) [inferred]
(crisis,debt,political) [inferred]
(crisis,debt,threat) [inferred]
(debt,government,sheldon_whitehouse) [inferred]
(crisis,debt,government,solvency) [inferred]
(crisis,debt,federal,gomes) [inferred]
(crisis,debt,federal,government) [inferred]
(crisis,debt,gomes,government) [inferred]
(crisis,debt,financial,interest) [inferred]
(crisis,debt,financial,inflation) [inferred]
(crisis,debt,federal,professor) [inferred]
(crisis,debt,government,threat) [inferred]
(crisis,debt,productivity) [inferred]
(debt,government,productivity) [inferred]
(crisis,debt,solvency) [inferred]
(crisis,debt,sheldon_whitehouse) [inferred]
(crisis,debt,federal,sheldon_whitehouse) [inferred]
(crisis,debt,inflation,interest) [inferred]
(crisis,debt,government,sheldon_whitehouse) [inferred]
(debt,government,threat) [inferred]
(crisis,debt,fallouts,federal) [inferred]
(crisis,debt,fallouts,interest) [inferred]
(crisis,debt,government,loss) [inferred]
(debt,government,solvency) [inferred]
(gdp,government,threat) [inferred]
(crisis,debt,government,productivity) [inferred]
(debt,government,service) [inferred]
(crisis,debt,financial,political) [inferred]
(crisis,debt,federal,loss) [inferred]
(crisis,debt,federal,interest) [inferred]
(crisis,debt,interest,professor) [inferred]

challenge - Back to HLA

A fiscal adjustment of around 1.4% of GDP or $400 billion spread over two or three years would nip the issue in the bud, Gomes estimates.. . However without a course correction a fiscal crisis is likely to occur in 2030, said Gomes, or as early as 2025 if the next administration rolls out an "expensive fiscal package that relies on implausibly rosy economic assumptions." ...
High Level Abstractions:

(gomes,crisis,nip)
(gomes,nip)
Inferred entity relationships (5)
(crisis,gomes,loss) [inferred]
(crisis,gomes,implausibly) [inferred]
(crisis,gomes,sheldon_whitehouse) [inferred]
(crisis,gomes,government) [inferred]
(gomes,nip) [inferred]

challenge - Back to HLA

Other, more optimistic, economists believe a crisis as a result of government debt isn't in the cards, as fiscal stimulus should lead to higher productivity and hence, to a rise in GDP.. . Columbia University professor Brett House is a specialist in macroeconomics and international finance, and falls into the cohort of experts who aren't losing sleep over national debt ...
High Level Abstractions:

(gdp,university)
(gdp,productivity,university)
(gdp,productivity,professor)
Inferred entity relationships (3)
(gdp,productivity,professor) [inferred]
(gdp,productivity,university) [inferred]
(gdp,productivity,run-up) [inferred]

challenge - Back to HLA

In fact, government debt can continue to grow steadily over time without posing an immediate threat to the nation's fiscal solvency as long as the yearly deficits are not excessive.". . A fiscal adjustment of around 1.4% of GDP or $400 billion spread over two or three years would nip the issue in the bud, Gomes estimates ...
High Level Abstractions:

(gdp,solvency)

WIP - Back to HLA

"The coming fiscal crisis will be triggered by a sudden loss of confidence by the general public in the federal government's finances and on those tasked with managing them," Gomes told chairman Sheldon Whitehouse and ranking member Chuck Grassley. ...
High Level Abstractions:

(debt,crisis,government,sheldon_whitehouse)
(debt,federal,sheldon_whitehouse)
(debt,crisis,government,gomes)
(debt,crisis,sheldon_whitehouse)
(debt,federal,gomes,sheldon_whitehouse)
(debt,government,federal,sheldon_whitehouse)
(debt,government,federal,gomes)
(debt,federal,crisis,sheldon_whitehouse)
(gomes,crisis,sheldon_whitehouse)
(debt,government,sheldon_whitehouse)
Inferred entity relationships (51)
(crisis,debt,gomes,interest) [inferred]
(crisis,debt,dollar,interest) [inferred]
(crisis,debt,government,solvency) [inferred]
(crisis,debt,federal,government) [inferred]
(debt,federal,professor) [inferred]
(crisis,gomes,government) [inferred]
(debt,federal,gomes,loss) [inferred]
(crisis,debt,financial,inflation) [inferred]
(crisis,gomes,nip) [inferred]
(debt,federal,policy) [inferred]
(crisis,debt,productivity) [inferred]
(crisis,debt,sheldon_whitehouse) [inferred]
(crisis,debt,federal,sheldon_whitehouse) [inferred]
(crisis,gomes,loss) [inferred]
(debt,government,threat) [inferred]
(debt,gomes,professor) [inferred]
(crisis,debt,fallouts,federal) [inferred]
(crisis,debt,fallouts,interest) [inferred]
(gomes,sheldon_whitehouse) [inferred]
(crisis,debt,government,productivity) [inferred]
(debt,government,service) [inferred]
(debt,federal,gomes,interest) [inferred]
(crisis,debt,federal,loss) [inferred]
(crisis,debt,federal,interest) [inferred]
(crisis,debt,interest,professor) [inferred]
(debt,federal,government,loss) [inferred]
(debt,federal,government,long-term) [inferred]
(crisis,debt,political) [inferred]
(crisis,debt,threat) [inferred]
(debt,federal,sheldon_whitehouse) [inferred]
(crisis,gomes,implausibly) [inferred]
(debt,government,sheldon_whitehouse) [inferred]
(crisis,debt,federal,gomes) [inferred]
(crisis,debt,gomes,government) [inferred]
(debt,federal,gomes,professor) [inferred]
(crisis,debt,financial,interest) [inferred]
(debt,federal,gomes,sheldon_whitehouse) [inferred]
(debt,federal,government,policy) [inferred]
(crisis,debt,federal,professor) [inferred]
(crisis,debt,government,threat) [inferred]
(debt,government,productivity) [inferred]
(debt,federal,gao,government) [inferred]
(crisis,debt,solvency) [inferred]
(crisis,debt,inflation,interest) [inferred]
(crisis,debt,government,sheldon_whitehouse) [inferred]
(debt,federal,loss) [inferred]
(crisis,debt,government,loss) [inferred]
(debt,government,solvency) [inferred]
(debt,federal,government,sheldon_whitehouse) [inferred]
(crisis,debt,financial,political) [inferred]
(debt,federal,gomes,government) [inferred]

WIP - Back to HLA

Other, more optimistic, economists believe a crisis as a result of government debt isn't in the cards, as fiscal stimulus should lead to higher productivity and hence, to a rise in GDP. ...
High Level Abstractions:

(gdp,government,productivity)
(debt,gdp,productivity)
(debt,crisis,productivity)
(debt,government,productivity)
(debt,crisis,government,productivity)
Inferred entity relationships (43)
(crisis,debt,gomes,interest) [inferred]
(crisis,debt,dollar,interest) [inferred]
(crisis,debt,government,solvency) [inferred]
(crisis,debt,federal,government) [inferred]
(crisis,debt,financial,inflation) [inferred]
(crisis,debt,productivity) [inferred]
(crisis,debt,sheldon_whitehouse) [inferred]
(crisis,debt,federal,sheldon_whitehouse) [inferred]
(debt,gdp,outlook) [inferred]
(debt,government,threat) [inferred]
(crisis,debt,fallouts,federal) [inferred]
(crisis,debt,fallouts,interest) [inferred]
(gdp,productivity,university) [inferred]
(gdp,government,threat) [inferred]
(crisis,debt,government,productivity) [inferred]
(debt,government,service) [inferred]
(gdp,productivity,professor) [inferred]
(debt,productivity,run-up) [inferred]
(crisis,debt,federal,loss) [inferred]
(crisis,debt,federal,interest) [inferred]
(crisis,debt,interest,professor) [inferred]
(debt,gdp,government) [inferred]
(crisis,debt,political) [inferred]
(crisis,debt,threat) [inferred]
(debt,government,sheldon_whitehouse) [inferred]
(crisis,debt,federal,gomes) [inferred]
(crisis,debt,gomes,government) [inferred]
(gdp,government,solvency) [inferred]
(crisis,debt,financial,interest) [inferred]
(crisis,debt,federal,professor) [inferred]
(debt,gdp,pandemic) [inferred]
(crisis,debt,government,threat) [inferred]
(debt,government,productivity) [inferred]
(crisis,debt,solvency) [inferred]
(crisis,debt,inflation,interest) [inferred]
(crisis,debt,government,sheldon_whitehouse) [inferred]
(debt,gdp,increase) [inferred]
(debt,gdp,second_world_war) [inferred]
(crisis,debt,government,loss) [inferred]
(debt,gdp,penn_wharton_budget_model) [inferred]
(debt,government,solvency) [inferred]
(crisis,debt,financial,political) [inferred]
(gdp,productivity,run-up) [inferred]

WIP - Back to HLA

"The coming fiscal crisis will be triggered by a sudden loss of confidence by the general public in the federal government's finances and on those tasked with managing them," Gomes told chairman Sheldon Whitehouse and ranking member Chuck Grassley ...
High Level Abstractions:

(debt,government,federal,loss)
(debt,federal,crisis,loss)
(debt,crisis,government,loss)
(debt,federal,loss)
(gomes,crisis,federal)
(debt,federal,gomes,loss)
(debt,federal,crisis,government)
(gomes,crisis,loss)
(debt,federal,gomes,crisis)
(gomes,crisis,government)
Inferred entity relationships (50)
(crisis,debt,gomes,interest) [inferred]
(crisis,debt,dollar,interest) [inferred]
(crisis,debt,government,solvency) [inferred]
(crisis,debt,federal,government) [inferred]
(crisis,gomes,sheldon_whitehouse) [inferred]
(debt,federal,professor) [inferred]
(crisis,gomes,government) [inferred]
(debt,federal,gomes,loss) [inferred]
(crisis,debt,financial,inflation) [inferred]
(crisis,gomes,nip) [inferred]
(debt,federal,policy) [inferred]
(crisis,debt,productivity) [inferred]
(crisis,debt,sheldon_whitehouse) [inferred]
(crisis,debt,federal,sheldon_whitehouse) [inferred]
(crisis,gomes,loss) [inferred]
(debt,government,threat) [inferred]
(crisis,debt,fallouts,federal) [inferred]
(crisis,debt,fallouts,interest) [inferred]
(crisis,debt,government,productivity) [inferred]
(debt,government,service) [inferred]
(debt,federal,gomes,interest) [inferred]
(crisis,debt,federal,loss) [inferred]
(crisis,debt,federal,interest) [inferred]
(crisis,debt,interest,professor) [inferred]
(debt,federal,government,loss) [inferred]
(debt,federal,government,long-term) [inferred]
(crisis,debt,political) [inferred]
(crisis,debt,threat) [inferred]
(debt,federal,sheldon_whitehouse) [inferred]
(crisis,gomes,implausibly) [inferred]
(debt,government,sheldon_whitehouse) [inferred]
(crisis,debt,federal,gomes) [inferred]
(crisis,debt,gomes,government) [inferred]
(debt,federal,gomes,professor) [inferred]
(crisis,debt,financial,interest) [inferred]
(debt,federal,gomes,sheldon_whitehouse) [inferred]
(debt,federal,government,policy) [inferred]
(crisis,debt,federal,professor) [inferred]
(crisis,debt,government,threat) [inferred]
(debt,government,productivity) [inferred]
(debt,federal,gao,government) [inferred]
(crisis,debt,solvency) [inferred]
(crisis,debt,inflation,interest) [inferred]
(crisis,debt,government,sheldon_whitehouse) [inferred]
(debt,federal,loss) [inferred]
(crisis,debt,government,loss) [inferred]
(debt,government,solvency) [inferred]
(debt,federal,government,sheldon_whitehouse) [inferred]
(crisis,debt,financial,political) [inferred]
(debt,federal,gomes,government) [inferred]

WIP - Back to HLA

dollars and consistently, when we see the world in political or financial crisis, money flows into U.S. ...
High Level Abstractions:

(debt,crisis,financial,political)
(debt,crisis,political)
Inferred entity relationships (26)
(crisis,debt,gomes,interest) [inferred]
(crisis,debt,dollar,interest) [inferred]
(crisis,debt,political) [inferred]
(crisis,debt,threat) [inferred]
(crisis,debt,government,solvency) [inferred]
(crisis,debt,federal,gomes) [inferred]
(crisis,debt,federal,government) [inferred]
(crisis,debt,gomes,government) [inferred]
(crisis,debt,financial,interest) [inferred]
(crisis,debt,financial,inflation) [inferred]
(crisis,debt,federal,professor) [inferred]
(crisis,debt,government,threat) [inferred]
(crisis,debt,productivity) [inferred]
(crisis,debt,solvency) [inferred]
(crisis,debt,sheldon_whitehouse) [inferred]
(crisis,debt,federal,sheldon_whitehouse) [inferred]
(crisis,debt,inflation,interest) [inferred]
(crisis,debt,government,sheldon_whitehouse) [inferred]
(crisis,debt,fallouts,federal) [inferred]
(crisis,debt,fallouts,interest) [inferred]
(crisis,debt,government,loss) [inferred]
(crisis,debt,government,productivity) [inferred]
(crisis,debt,financial,political) [inferred]
(crisis,debt,federal,loss) [inferred]
(crisis,debt,federal,interest) [inferred]
(crisis,debt,interest,professor) [inferred]

WIP - Back to HLA

The report goes on to add that the likelihood of a financial crisis is increasing as a result of growing debt, something which would cause interest rates to spike and, if paired with higher inflation, "could erode confidence in the U.S ...
High Level Abstractions:

(debt,crisis,financial,interest)
Inferred entity relationships (25)
(crisis,debt,gomes,interest) [inferred]
(crisis,debt,dollar,interest) [inferred]
(crisis,debt,political) [inferred]
(crisis,debt,threat) [inferred]
(crisis,debt,government,solvency) [inferred]
(crisis,debt,federal,gomes) [inferred]
(crisis,debt,federal,government) [inferred]
(crisis,debt,gomes,government) [inferred]
(crisis,debt,financial,inflation) [inferred]
(crisis,debt,federal,professor) [inferred]
(crisis,debt,government,threat) [inferred]
(crisis,debt,productivity) [inferred]
(crisis,debt,solvency) [inferred]
(crisis,debt,sheldon_whitehouse) [inferred]
(crisis,debt,federal,sheldon_whitehouse) [inferred]
(crisis,debt,inflation,interest) [inferred]
(crisis,debt,government,sheldon_whitehouse) [inferred]
(crisis,debt,fallouts,federal) [inferred]
(crisis,debt,fallouts,interest) [inferred]
(crisis,debt,government,loss) [inferred]
(crisis,debt,government,productivity) [inferred]
(crisis,debt,financial,political) [inferred]
(crisis,debt,federal,loss) [inferred]
(crisis,debt,federal,interest) [inferred]
(crisis,debt,interest,professor) [inferred]

WIP - Back to HLA

The report goes on to add that the likelihood of a financial crisis is increasing as a result of growing debt, something which would cause interest rates to spike and, if paired with higher inflation, "could erode confidence in the U.S. ...
High Level Abstractions:

(debt,crisis,financial,inflation)
(debt,interest,inflation)
(debt,interest,crisis,inflation)
Inferred entity relationships (27)
(crisis,debt,gomes,interest) [inferred]
(crisis,debt,dollar,interest) [inferred]
(crisis,debt,political) [inferred]
(crisis,debt,threat) [inferred]
(crisis,debt,government,solvency) [inferred]
(crisis,debt,federal,gomes) [inferred]
(crisis,debt,federal,government) [inferred]
(crisis,debt,gomes,government) [inferred]
(crisis,debt,financial,interest) [inferred]
(crisis,debt,financial,inflation) [inferred]
(crisis,debt,federal,professor) [inferred]
(crisis,debt,government,threat) [inferred]
(crisis,debt,productivity) [inferred]
(crisis,debt,solvency) [inferred]
(crisis,debt,sheldon_whitehouse) [inferred]
(crisis,debt,federal,sheldon_whitehouse) [inferred]
(crisis,debt,inflation,interest) [inferred]
(crisis,debt,government,sheldon_whitehouse) [inferred]
(crisis,debt,fallouts,federal) [inferred]
(debt,inflation,interest) [inferred]
(crisis,debt,fallouts,interest) [inferred]
(crisis,debt,government,loss) [inferred]
(crisis,debt,government,productivity) [inferred]
(crisis,debt,financial,political) [inferred]
(crisis,debt,federal,loss) [inferred]
(crisis,debt,federal,interest) [inferred]
(crisis,debt,interest,professor) [inferred]

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In the near term, the CBO expects debt as a percentage of GDP to exceed the record peak of the Second World War by 2029. ...
High Level Abstractions:

(debt,cbo,second_world_war)
(debt,gdp,second_world_war)
(gdp,cbo,second_world_war)
(debt,gdp,cbo,second_world_war)
Inferred entity relationships (16)
(debt,gdp,outlook) [inferred]
(debt,gdp,government) [inferred]
(cbo,debt,second_world_war) [inferred]
(debt,gdp,increase) [inferred]
(debt,gdp,productivity) [inferred]
(debt,gdp,second_world_war) [inferred]
(debt,gdp,penn_wharton_budget_model) [inferred]
(cbo,debt,increase) [inferred]
(cbo,debt,gdp,second_world_war) [inferred]
(cbo,debt,gdp,outlook) [inferred]
(debt,gdp,pandemic) [inferred]
(cbo,gdp,increase) [inferred]
(cbo,debt,outlook) [inferred]
(cbo,debt,debt-to-gdp) [inferred]
(cbo,debt,gdp,increase) [inferred]
(cbo,gdp,outlook) [inferred]

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Their outlook is evidenced by a March report from the Congressional Budget Office (CBO) ...
High Level Abstractions:

(gdp,cbo,outlook)
(debt,gdp,cbo,outlook)
(debt,cbo,outlook)
(debt,gdp,outlook)
Inferred entity relationships (16)
(debt,gdp,outlook) [inferred]
(debt,gdp,government) [inferred]
(cbo,debt,second_world_war) [inferred]
(debt,gdp,increase) [inferred]
(debt,gdp,productivity) [inferred]
(debt,gdp,second_world_war) [inferred]
(debt,gdp,penn_wharton_budget_model) [inferred]
(cbo,debt,increase) [inferred]
(cbo,debt,gdp,second_world_war) [inferred]
(cbo,debt,gdp,outlook) [inferred]
(debt,gdp,pandemic) [inferred]
(cbo,gdp,increase) [inferred]
(cbo,debt,outlook) [inferred]
(cbo,debt,debt-to-gdp) [inferred]
(cbo,debt,gdp,increase) [inferred]
(cbo,gdp,second_world_war) [inferred]

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Currently the nation's $34 trillion debt is approximately 99% of GDP and, according to the CBO, will steadily increase over the next 30 years. ...
High Level Abstractions:

(debt,cbo,increase)
(debt,gdp,cbo,increase)
(gdp,cbo,increase)
(debt,gdp,increase)
Inferred entity relationships (16)
(debt,gdp,outlook) [inferred]
(debt,gdp,government) [inferred]
(cbo,debt,second_world_war) [inferred]
(debt,gdp,increase) [inferred]
(debt,gdp,productivity) [inferred]
(debt,gdp,second_world_war) [inferred]
(debt,gdp,penn_wharton_budget_model) [inferred]
(cbo,debt,increase) [inferred]
(cbo,debt,gdp,second_world_war) [inferred]
(cbo,debt,gdp,outlook) [inferred]
(debt,gdp,pandemic) [inferred]
(cbo,debt,outlook) [inferred]
(cbo,debt,debt-to-gdp) [inferred]
(cbo,debt,gdp,increase) [inferred]
(cbo,gdp,outlook) [inferred]
(cbo,gdp,second_world_war) [inferred]

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Their outlook is evidenced by a March report from the Congressional Budget Office (CBO). The CBO estimates that by 2054 public debt will represent 166% of GDP, reaching $141.1 trillion ...
High Level Abstractions:

(debt,cbo,congressional_budget_office)
(gdp,cbo,congressional_budget_office)
(debt,gdp,cbo,congressional_budget_office)
Inferred entity relationships (10)
(debt,gdp,outlook) [inferred]
(debt,gdp,government) [inferred]
(debt,gdp,increase) [inferred]
(debt,gdp,productivity) [inferred]
(debt,gdp,second_world_war) [inferred]
(cbo,congressional_budget_office,debt) [inferred]
(debt,gdp,penn_wharton_budget_model) [inferred]
(debt,gdp,pandemic) [inferred]
(cbo,congressional_budget_office,gdp) [inferred]
(cbo,congressional_budget_office,debt,gdp) [inferred]

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. The GAO puts debt at 200% of GDP by 2050, while the Penn Wharton Budget Model projects 190% of the size of the economy by the same year ...
High Level Abstractions:

(debt,gdp,penn_wharton_budget_model)
Inferred entity relationships (6)
(debt,gdp,pandemic) [inferred]
(debt,gdp,outlook) [inferred]
(debt,gdp,government) [inferred]
(debt,gdp,increase) [inferred]
(debt,gdp,productivity) [inferred]
(debt,gdp,second_world_war) [inferred]

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Other, more optimistic, economists believe a crisis as a result of government debt isn't in the cards, as fiscal stimulus should lead to higher productivity and hence, to a rise in GDP ...
High Level Abstractions:

(debt,gdp,government)
(debt,productivity,economists)
(gdp,government,crisis)
(gdp,government,economists)
Inferred entity relationships (10)
(gdp,government,productivity) [inferred]
(debt,gdp,outlook) [inferred]
(crisis,gdp,gomes) [inferred]
(debt,gdp,increase) [inferred]
(debt,gdp,productivity) [inferred]
(debt,gdp,second_world_war) [inferred]
(gdp,government,solvency) [inferred]
(debt,gdp,penn_wharton_budget_model) [inferred]
(gdp,government,threat) [inferred]
(debt,gdp,pandemic) [inferred]

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Among the fallouts from the crisis professor Gomes foresees is a sharp decline in the value of the dollar as interest rates spiral higher ...
High Level Abstractions:

(debt,interest,crisis,professor)
(debt,interest,crisis,fallouts)
(debt,interest,professor)
(debt,interest,crisis,gomes)
Inferred entity relationships (34)
(crisis,debt,gomes,interest) [inferred]
(debt,interest,spending) [inferred]
(crisis,debt,dollar,interest) [inferred]
(crisis,debt,political) [inferred]
(crisis,debt,threat) [inferred]
(crisis,debt,government,solvency) [inferred]
(crisis,debt,federal,gomes) [inferred]
(crisis,debt,federal,government) [inferred]
(crisis,debt,gomes,government) [inferred]
(debt,fallouts,federal,gomes) [inferred]
(crisis,debt,financial,interest) [inferred]
(debt,interest,investment) [inferred]
(crisis,debt,financial,inflation) [inferred]
(crisis,debt,federal,professor) [inferred]
(debt,interest,workers) [inferred]
(crisis,debt,government,threat) [inferred]
(crisis,debt,productivity) [inferred]
(debt,interest,professor) [inferred]
(crisis,debt,solvency) [inferred]
(crisis,debt,sheldon_whitehouse) [inferred]
(crisis,debt,federal,sheldon_whitehouse) [inferred]
(crisis,debt,inflation,interest) [inferred]
(crisis,debt,government,sheldon_whitehouse) [inferred]
(debt,interest,retail) [inferred]
(debt,gomes,professor) [inferred]
(crisis,debt,fallouts,federal) [inferred]
(crisis,debt,fallouts,interest) [inferred]
(crisis,debt,government,loss) [inferred]
(debt,fallouts,professor) [inferred]
(crisis,debt,government,productivity) [inferred]
(crisis,debt,financial,political) [inferred]
(crisis,debt,federal,loss) [inferred]
(crisis,debt,federal,interest) [inferred]
(crisis,debt,interest,professor) [inferred]

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Among the fallouts from the crisis professor Gomes foresees is a sharp decline in the value of the dollar as interest rates spiral higher. ...
High Level Abstractions:

(debt,federal,crisis,interest)
(debt,interest,crisis,dollar)
(debt,federal,gomes,interest)
Inferred entity relationships (40)
(crisis,debt,gomes,interest) [inferred]
(debt,federal,government,loss) [inferred]
(crisis,debt,dollar,interest) [inferred]
(debt,federal,government,long-term) [inferred]
(crisis,debt,political) [inferred]
(crisis,debt,threat) [inferred]
(debt,federal,sheldon_whitehouse) [inferred]
(crisis,debt,government,solvency) [inferred]
(crisis,debt,federal,gomes) [inferred]
(crisis,debt,federal,government) [inferred]
(crisis,debt,gomes,government) [inferred]
(debt,federal,gomes,professor) [inferred]
(crisis,debt,financial,interest) [inferred]
(debt,federal,professor) [inferred]
(debt,federal,gomes,sheldon_whitehouse) [inferred]
(debt,federal,gomes,loss) [inferred]
(crisis,debt,financial,inflation) [inferred]
(debt,federal,government,policy) [inferred]
(crisis,debt,federal,professor) [inferred]
(debt,federal,policy) [inferred]
(crisis,debt,government,threat) [inferred]
(crisis,debt,productivity) [inferred]
(debt,federal,gao,government) [inferred]
(crisis,debt,solvency) [inferred]
(crisis,debt,sheldon_whitehouse) [inferred]
(crisis,debt,federal,sheldon_whitehouse) [inferred]
(crisis,debt,inflation,interest) [inferred]
(crisis,debt,government,sheldon_whitehouse) [inferred]
(crisis,debt,fallouts,federal) [inferred]
(debt,federal,loss) [inferred]
(crisis,debt,fallouts,interest) [inferred]
(crisis,debt,government,loss) [inferred]
(crisis,debt,government,productivity) [inferred]
(debt,federal,government,sheldon_whitehouse) [inferred]
(crisis,debt,financial,political) [inferred]
(debt,federal,gomes,interest) [inferred]
(crisis,debt,federal,loss) [inferred]
(crisis,debt,federal,interest) [inferred]
(debt,federal,gomes,government) [inferred]
(crisis,debt,interest,professor) [inferred]

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As a result, younger workers have a vested interest in making sure whatever spending is agreed upon now is worth their investment in the future ...
High Level Abstractions:

(debt,interest,workers)
Inferred entity relationships (4)
(debt,interest,spending) [inferred]
(debt,interest,retail) [inferred]
(debt,interest,professor) [inferred]
(debt,interest,investment) [inferred]

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As a result, younger workers have a vested interest in making sure whatever spending is agreed upon now is worth their investment in the future. ...
High Level Abstractions:

(debt,interest,spending)
(debt,interest,investment)
Inferred entity relationships (5)
(debt,interest,spending) [inferred]
(debt,interest,workers) [inferred]
(debt,interest,retail) [inferred]
(debt,interest,professor) [inferred]
(debt,interest,investment) [inferred]

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Price explained: "The one thing I point out to retail clients is the debt is never expected to be paid off in full, but the burden of higher interest expense is where future generations are going to see the value in how much they paid on the promises that were enacted so many years before." ...
High Level Abstractions:

(debt,interest,retail)
Inferred entity relationships (4)
(debt,interest,spending) [inferred]
(debt,interest,workers) [inferred]
(debt,interest,professor) [inferred]
(debt,interest,investment) [inferred]

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The GAO advises Congress to make "difficult budgetary and policy decisions to address the key drivers of federal debt and change the government's fiscal path," adding: "The sooner actions are taken to change the long-term fiscal path, the less drastic they will need to be." ...
High Level Abstractions:

(debt,government,federal,drivers)
(debt,government,federal,policy)
(debt,federal,policy)
(debt,government,federal,gao)
Inferred entity relationships (14)
(debt,federal,government,loss) [inferred]
(debt,federal,government,long-term) [inferred]
(debt,federal,sheldon_whitehouse) [inferred]
(debt,federal,loss) [inferred]
(debt,federal,gomes,professor) [inferred]
(debt,federal,professor) [inferred]
(debt,federal,gomes,sheldon_whitehouse) [inferred]
(debt,federal,gomes,loss) [inferred]
(debt,federal,government,policy) [inferred]
(debt,federal,government,sheldon_whitehouse) [inferred]
(debt,federal,policy) [inferred]
(debt,federal,gomes,interest) [inferred]
(debt,federal,gao,government) [inferred]
(debt,federal,gomes,government) [inferred]

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The GAO advises Congress to make "difficult budgetary and policy decisions to address the key drivers of federal debt and change the government's fiscal path," adding: "The sooner actions are taken to change the long-term fiscal path, the less drastic they will need to be.". ...
High Level Abstractions:

(debt,government,federal,long-term)
Inferred entity relationships (13)
(debt,federal,government,loss) [inferred]
(debt,federal,sheldon_whitehouse) [inferred]
(debt,federal,loss) [inferred]
(debt,federal,gomes,professor) [inferred]
(debt,federal,professor) [inferred]
(debt,federal,gomes,sheldon_whitehouse) [inferred]
(debt,federal,gomes,loss) [inferred]
(debt,federal,government,policy) [inferred]
(debt,federal,government,sheldon_whitehouse) [inferred]
(debt,federal,policy) [inferred]
(debt,federal,gomes,interest) [inferred]
(debt,federal,gao,government) [inferred]
(debt,federal,gomes,government) [inferred]

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More important, they fear this debt will mean the country will not be able to afford necessary borrowing in the future, in addition to the funds needed to service existing debt. ...
High Level Abstractions:

(debt,government,service)
Inferred entity relationships (4)
(debt,government,threat) [inferred]
(debt,government,productivity) [inferred]
(debt,government,sheldon_whitehouse) [inferred]
(debt,government,solvency) [inferred]

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Even the CBO as recently as September 2023 projected the figure to be higher estimating an 153% debt-to-GDP ratio by 2053. ...
High Level Abstractions:

(debt,cbo,debt-to-gdp)
(gdp,cbo,debt-to-gdp)
Inferred entity relationships (6)
(cbo,debt,second_world_war) [inferred]
(cbo,debt,outlook) [inferred]
(cbo,debt,gdp,increase) [inferred]
(cbo,debt,increase) [inferred]
(cbo,debt,gdp,second_world_war) [inferred]
(cbo,debt,gdp,outlook) [inferred]

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House reasoned the recent run-up in debt because of the pandemic is an example of how fiscal stimulus can lead to productivity after all, Q2, Q3, and Q4 2023 all saw productivity increases of more than 3% compared with the prior quarter, according to the Bureau for Labor Statistics ...
High Level Abstractions:

(gdp,productivity,increases)
(gdp,pandemic,run-up)
(gdp,productivity,pandemic)
(gdp,pandemic,debt)
(debt,productivity,run-up)
(debt,productivity,pandemic)
(gdp,pandemic,increases)
(gdp,productivity,run-up)
(debt,productivity,increases)
Inferred entity relationships (12)
(debt,gdp,outlook) [inferred]
(debt,gdp,government) [inferred]
(debt,gdp,increase) [inferred]
(debt,gdp,productivity) [inferred]
(debt,gdp,second_world_war) [inferred]
(debt,gdp,penn_wharton_budget_model) [inferred]
(gdp,productivity,university) [inferred]
(gdp,increases,pandemic) [inferred]
(gdp,productivity,professor) [inferred]
(gdp,pandemic,productivity) [inferred]
(gdp,pandemic,run-up) [inferred]
(gdp,increases,productivity) [inferred]

WIP - Back to HLA

House reasoned the recent run-up in debt because of the pandemic is an example of how fiscal stimulus can lead to productivity after all, Q2, Q3, and Q4 2023 all saw productivity increases of more than 3% compared with the prior quarter, according to the Bureau for Labor Statistics. ...
High Level Abstractions:

(gdp,pandemic,labor_statistics)
(debt,productivity,labor_statistics)
(gdp,productivity,labor_statistics)
Inferred entity relationships (2)
(gdp,labor_statistics,productivity) [inferred]
(gdp,labor_statistics,pandemic) [inferred]

WIP - Back to HLA

federal debt makes this inevitable in the not too distant future.". . Among the fallouts from the crisis professor Gomes foresees is a sharp decline in the value of the dollar as interest rates spiral higher ...
High Level Abstractions:

(debt,federal,gomes,fallouts)
(debt,federal,professor)
(debt,federal,gomes,crisis)
(debt,federal,gomes,professor)
(debt,professor,fallouts)
(debt,professor,gomes)
(debt,federal,crisis,professor)
(debt,federal,crisis,fallouts)
Inferred entity relationships (43)
(crisis,debt,gomes,interest) [inferred]
(crisis,debt,dollar,interest) [inferred]
(crisis,debt,government,solvency) [inferred]
(crisis,debt,federal,government) [inferred]
(debt,federal,professor) [inferred]
(debt,federal,gomes,loss) [inferred]
(crisis,debt,financial,inflation) [inferred]
(debt,federal,policy) [inferred]
(crisis,debt,productivity) [inferred]
(crisis,debt,sheldon_whitehouse) [inferred]
(crisis,debt,federal,sheldon_whitehouse) [inferred]
(crisis,debt,fallouts,federal) [inferred]
(crisis,debt,fallouts,interest) [inferred]
(debt,fallouts,professor) [inferred]
(crisis,debt,government,productivity) [inferred]
(debt,federal,gomes,interest) [inferred]
(crisis,debt,federal,loss) [inferred]
(crisis,debt,federal,interest) [inferred]
(crisis,debt,interest,professor) [inferred]
(debt,federal,government,loss) [inferred]
(debt,federal,government,long-term) [inferred]
(crisis,debt,political) [inferred]
(crisis,debt,threat) [inferred]
(debt,federal,sheldon_whitehouse) [inferred]
(crisis,debt,gomes,government) [inferred]
(crisis,debt,federal,gomes) [inferred]
(debt,fallouts,federal,gomes) [inferred]
(debt,federal,gomes,professor) [inferred]
(crisis,debt,financial,interest) [inferred]
(debt,federal,gomes,sheldon_whitehouse) [inferred]
(gomes,professor) [inferred]
(debt,federal,government,policy) [inferred]
(crisis,debt,federal,professor) [inferred]
(crisis,debt,government,threat) [inferred]
(debt,federal,gao,government) [inferred]
(crisis,debt,solvency) [inferred]
(crisis,debt,inflation,interest) [inferred]
(crisis,debt,government,sheldon_whitehouse) [inferred]
(debt,federal,loss) [inferred]
(crisis,debt,government,loss) [inferred]
(debt,federal,government,sheldon_whitehouse) [inferred]
(crisis,debt,financial,political) [inferred]
(debt,federal,gomes,government) [inferred]

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Columbia University professor Brett House is a specialist in macroeconomics and international finance, and falls into the cohort of experts who aren't losing sleep over national debt ...
High Level Abstractions:

(debt,professor,university)
(debt,professor,finance)
(debt,professor,international)
(gdp,productivity,international)

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Columbia University professor Brett House is a specialist in macroeconomics and international finance, and falls into the cohort of experts who aren't losing sleep over national debt. ...
High Level Abstractions:

(debt,professor,experts)

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However without a course correction a fiscal crisis is likely to occur in 2030, said Gomes, or as early as 2025 if the next administration rolls out an "expensive fiscal package that relies on implausibly rosy economic assumptions.". ...
High Level Abstractions:

(gomes,crisis,implausibly)
Inferred entity relationships (4)
(crisis,gomes,loss) [inferred]
(crisis,gomes,sheldon_whitehouse) [inferred]
(crisis,gomes,government) [inferred]
(crisis,gomes,nip) [inferred]

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A fiscal adjustment of around 1.4% of GDP or $400 billion spread over two or three years would nip the issue in the bud, Gomes estimates. ...
High Level Abstractions:

(gomes,crisis,gdp)
Inferred entity relationships (1)
(crisis,gdp,government) [inferred]

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"Given our projected demographic challenges, many older, and marginally attached, workers are likely to leave the labor force never to return again.". ...
High Level Abstractions:

(gomes,workers)

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The hardest problem is precisely that: getting enough people to listen.. . A sudden reckoning. Wharton's Gomes has been making his concerns about the level of national debt known for some time now, and last week following an interview with Fortune he sat before the U.S ...
High Level Abstractions:

(gomes,wharton)

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'Changing this future is not that difficult'. Professor Gomes outlines two well-known options to rebalance the variables: increase growth or cut spending ...
High Level Abstractions:

(gomes,well-known)

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Professor Gomes outlines two well-known options to rebalance the variables: increase growth or cut spending. ...
High Level Abstractions:

(gomes,spending)

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"The coming fiscal crisis will be triggered by a sudden loss of confidence by the general public in the federal government's finances and on those tasked with managing them," Gomes told chairman Sheldon Whitehouse and ranking member Chuck Grassley. "The projected path for the U.S ...
High Level Abstractions:

(gomes,sheldon_whitehouse)

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. 'Changing this future is not that difficult'. Professor Gomes outlines two well-known options to rebalance the variables: increase growth or cut spending ...
High Level Abstractions:

(gomes,professor)

Semantics Relevance

America will be left with 'severe, irreversible scars'if national debt ...