Monday, August 26, 2013

Huffington Post — Top U.S. Fiscal Problem Is Future Deficits, Economists Say

The biggest fiscal challenge facing the U.S. is the size of projected deficits in the 2020s and 2030s, according to a survey of business economists.
The National Association for Business Economics surveyed 220 of its members in July and August. The survey found that members were more concerned about the size of deficits in the next two decades than current deficits or deficits over the next 10 years: 43 percent of the economists named budget gaps in the 2020s and 2030s as the top fiscal challenge, compared with 37 percent who chose projected deficits over the next 10 years.
The policy survey found that no consensus on the best way to address those deficits.
The NABE said 39 percent of those surveyed felt the best way to address the deficit-to-gross domestic product ratio in the next few decades is a mix of spending restraint and increased revenue. It said 32 percent believe the best single tool would be greater spending restraint, and 20 percent said enacting policies designed to encourage economic growth would be the best tactic.
Ballooning costs for Social Security and Medicare as the U.S. population ages are expected to result in growing long-term budget deficits.
The Huffington Post
Top U.S. Fiscal Problem Is Future Deficits, Economists Say


mike norman said...

Nothing has been learned except for the fact that mainstream economics has zero relevancy.

Matt Franko said...

Well I think I have to rest my case here: M-O-R-O-N-S

We often ask: stupid or subversive?

There is NO WAY all of these idiots can be part of some sort of "neo-liberal conspiracy"... NO ... WAY...

These "economists" so-called, are libertarians who do not have the maths for them to be able to see their way out of these falsehoods...

They are a human form of a libertarian-semantic cocktail who have become trapped in these falsehoods...

We either have to get them out of there or come up with new methods to communicate mathematical concepts to them that bypasses their cognitive deficiencies...