Wednesday, September 23, 2020

Crisis in 2049

 Here is my latest projection.


Here is my latest projection, showing that the public debt will exceed 150% of GDP in 2049.

Compare this to the prior one, which showed the 150% level reached in 2052.  And before that, I had one showing 2047 as being the date of a crisis.

Update:  The actual public debt at the end of FY2020 was 21,015 instead of the 20,270 shown here.  Also this should be updated with the extended long term budge projections, updated Sept 2020, available here: https://www.cbo.gov/system/files/2020-09/51119-2020-09-ltbo_0.xlsx

However, there will likely be another stimulus package in December, so I will wait to do this until after that.


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