Macro Musings with David Beckworth cover image

Brian Riedl on the Current and Future Outlook for US Public Finance and Budget Reform

Macro Musings with David Beckworth

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The Effects of COVID on the Elderly

Inflation is going to make Social Security go install the data even faster. A lot of these elderly people who didn't die, but they left the labor for. So that's less revenue coming into the government. We've seen some huge spikes in the amount of national debt over the past three years. How are we going to handle this surge going forward? Or are we just going to come to terms and accept that 95% of debt to GDP ratio?

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