/biz/ - Business & Finance

>Fiscal policy is an even more impaired instrument of demand management. The public sector deficit of 6 percent of GDP, and the gross public debt of $22 trillion (108 percent of GDP), are showing that the U.S. is in an acute phase of a worsening fiscal crisis.
>With the primary budget deficits (budget balances before interest charges on public debt) of 2.5 percent, the U.S. public debt is on an unstoppable upward trend. Just to stop the spiraling debt, the primary budget must shift to steady and sustainable surpluses of 3 percent to 4 percent of GDP. A far cry indeed.
https://www.cnbc.com/2019/01/07/central-banks-are-not-the-fixers-of-last-resort---commentary.html