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Recent Trends in U.S. Debt
MP3•Laman utama episod
Manage episode 422686821 series 2792031
Kandungan disediakan oleh EconoFact. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh EconoFact atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
The federal government’s debt is just under 100 percent of GDP – and it is projected to grow to 115 percent of GDP in a decade, and 180 percent of GDP in thirty years. Mark Zandi, Chief Economist at Moody’s Analytics, discusses the reasons debt increased significantly before the pandemic, its dramatic rise since then, and its expected further increase. He also explains how high debt adversely affects people’s living standards as well as the ability of the government to respond to both ongoing needs and future economic crises. He offers some proposals for dealing with the debt, including a carbon tax, raising the payroll tax on high-income individuals, and establishing a bipartisan commission to address the country’s fiscal challenges. Along with his role as Chief Economist at Moody’s Analytics, Mark also serves on the Board of Directors of MGIC, the nations largest private mortgage insurance company and is the lead director of the Reinvestment Fund, one of the nation’s largest community development financial institutions that makes investments in underserved communities.
…
continue reading
255 episod
MP3•Laman utama episod
Manage episode 422686821 series 2792031
Kandungan disediakan oleh EconoFact. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh EconoFact atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
The federal government’s debt is just under 100 percent of GDP – and it is projected to grow to 115 percent of GDP in a decade, and 180 percent of GDP in thirty years. Mark Zandi, Chief Economist at Moody’s Analytics, discusses the reasons debt increased significantly before the pandemic, its dramatic rise since then, and its expected further increase. He also explains how high debt adversely affects people’s living standards as well as the ability of the government to respond to both ongoing needs and future economic crises. He offers some proposals for dealing with the debt, including a carbon tax, raising the payroll tax on high-income individuals, and establishing a bipartisan commission to address the country’s fiscal challenges. Along with his role as Chief Economist at Moody’s Analytics, Mark also serves on the Board of Directors of MGIC, the nations largest private mortgage insurance company and is the lead director of the Reinvestment Fund, one of the nation’s largest community development financial institutions that makes investments in underserved communities.
…
continue reading
255 episod
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