Assessing the US Fiscal Imbalance: Why It Matters

Nicholas P. Sargen
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Nicholas P. Sargen: Fort Washington Investment Advisors

Chapter Chapter 3 in Investing in the Trump Era, 2018, pp 31-41 from Springer

Abstract: Abstract One issue that was not discussed in any depth during the 2016 election is the state of the federal government’s finances, a subject that traditionally has been important for the Republican Party. To be sure, Republican candidates criticized the Obama administration for a massive buildup in federal debt from 2009 through 2016 (see Fig. 3.1). The response from Democrats was that it was a legacy from the 2008 crisis during the Bush administration, and Donald Trump’s proposals for the budget would cause it to balloon considerably more. Beyond this give-and-take, the issue of the sustainability of federal finances was ignored, and there was no sense of urgency about the problem.

Date: 2018
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DOI: 10.1007/978-3-319-76045-2_3

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