re: Do experts on the money board agree with what the feds did today?

quote:

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or deficits will blow out to double digit percentages of gdp.

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That's going to happen anyway if federal government keeps creating more debt at its current pace. Debt servicing last year was ~23% of revenues and with the current rate of spending and continued interest rates, there's no reason to not expect that to increase for 2024 (this, of course, becomes an even larger issue if tax revenues fall again).