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 Importance of Total Debt

I look at, I think, and most economists look at the debt held by the public. The more relevant amounts are the amount that has actually been borrowed from the economy,. Social Security and Medicare systems face a funding shortfall of $116 trillion over the next 30 years. That is more relevant than just even the $6 trillion specifically tied to trust funds.

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