Us Fiscal Policy 2024. Measured as a percentage of gdp, large and sustained deficits lead to. Alan auerbach and william gale analyze the federal budget outlook, finding that the debt to gdp ratio will rise to 211% by 2054 under current policy.
Faces a challenging fiscal outlook in the coming years, according to cbo’s projections. Alan auerbach and william gale analyze the federal budget outlook, finding that the debt to gdp ratio will rise to 211% by 2054 under current policy.