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

00:00

The Rosie Scenario and the Federal Deficit

"My concern is that right now the trends are just really bad," he says. "I'm not actually a balanced budget absolutist, but I am not entirely always the deficit is all that matters" The debt was 40% of GDP when Obama arrived in Washington 20 years ago and it's heading towards 200% of GDP under Rosie scenario.

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