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Off-topic for aiqbench

Off-topic for aiqbench

This story was gathered from a source we follow but falls outside AI and quantum coverage, so there is no aiqbench take for it.

CBO chief warns it’s ‘probably not plausible’ that a strong economy alone can steady U.S. debt as 5%–6% growth is needed—more than Bessent’s 3% view

Fortune3 min read

“So then we’re left with changes in revenues and changes in spending, and those are inherently political choices.”

Congressional Budget Office Director Phillip Swagel said faster economic growth is unlikely to keep U.S. debt in check, even if GDP expands at more than double its current pace. Gross debt is now $40 trillion, and publicly held debt is 100% of GDP. Just keeping that ratio flat, let alone bringing it down, would require a massive, sustained boom. For now, CBO…

Excerpt shown under the publisher's RSS terms · 62 words · full text and figures are on the publisher's site

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