Hanno Lustig @HannoLustig · 04 Jan 2025
5/The US federal government is now –in 2024– projected by the CBO to run primary deficits (that is the deficit excluding interest payment) until 2053. The CBO projects a debt/GDP ratio of 166% in 2053. And that’s just the US federal government. This raises 2 questions. i) Where
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