Bloomberg Wall Street Week - October 6, 2023
Wall Street Week
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The Urgent Need for Political Leadership to Address Fiscal Issues in the United States
This chapter explores the underfunded Medicare system, high deficits, and lack of leadership in addressing the long-term debt situation in the country. It emphasizes the unsustainable path of the debt-to-GDP ratio and proposes the creation of a fiscal commission after the 2024 election to gradually adjust taxes and spending.
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