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Reconciling Reconciliation

Moody's Talks - Inside Economics

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Fiscal Futures: Debating Debt and Deficits

This chapter analyzes proposed legislation's impact on the national budget and deficit, projecting substantial increases in debt-to-GDP ratios. It discusses the implications of high deficits and the challenges posed by an aging population on government spending, particularly for Social Security and healthcare programs. The conversation highlights the contrast between high-impact investments and tax cuts, questioning the sustainability of current fiscal strategies.

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