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. ...
topIn 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."
topIn 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.".
top... 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.
topOther, 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.
top"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...
top... 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.
topThe 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
top... 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.
topTheir 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
topOther, 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
topPrice 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...
topThe 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...
top... 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.".
topThe GAO advises Congress to make "difficult budgetary and policy decisions to address the key drivers of federal debt and change the government's fiscal...
topThe 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...
top... 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.
topHouse 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...
topHouse 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...
top... 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.
top... 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
topOther, 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...
top"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,"...
topfederal 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
topfederal 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
topfederal 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
top"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
topColumbia 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...
topColumbia 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
topfederal 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
topColumbia 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
topColumbia 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.
topA 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...
top... 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.".
top"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
top"Given our projected demographic challenges, many older, and marginally attached, workers are likely to leave the labor force never to return again.".
topThe 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...
top'Changing this future is not that difficult'. Professor Gomes outlines two well-known options to rebalance the variables: increase growth or cut spending
top... 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
top. 'Changing this future is not that difficult'. Professor Gomes outlines two well-known options to rebalance the variables: increase growth or cut spending
top... 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...
top... 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...
topHouse 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...
topOther, 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
topIn 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...