Budget deficits have risen to nearly 6% of GDP and are projected to rise to 10% of GDP over three decades. If Congress continues to enact additional tax cuts and spending expansions, these deficits will grow even larger. To close these baseline deficits and finance additional expansions, most progressives reject most spending cuts as well […]| Manhattan Institute
This latest report by Manhattan Institute’s Brian Riedl analyzes lessons that the current administration can apply to future federal budget negotiations. Riedl reveals three "primary ingredients" to achieve successful deficit-reduction for the upcoming budget.| Manhattan Institute
The federal budget deficit increases significantly in relation to gross domestic product over the next 30 years, in CBO’s projections, pushing federal debt held by the public far beyond any previously recorded level.| Congressional Budget Office
30-Year Fixed Rate Mortgage Average in the United States| fred.stlouisfed.org
