ENDNOTE: The current $526 billion deficit in 2019, 22T+ national debt, and the guesstimated 200T+ in unfunded liabilities

2019-Jan-26

http://www.economicpolicyjournal.com/2019/01/top-level-warning-on-massive-us-fiscal.html

TUESDAY, JANUARY 22, 2019
Top Level Warning On Massive US Fiscal Deficit

*** begin quote ***
 
Even Keynesian technocrats are getting concerned about the massive U.S. fiscal deficit.

In a wide-ranging interview (video below), Gian Maria Milesi-Ferretti, deputy director of research at the International Monetary Fund, warns that EU economies are slowing and that exploding U.S. fiscal deficit is becoming a concern.

The concern about the U.S. deficit is genuine.

*** end quote ***

As readers probably know, I’m a little L libertarian.  So I don’t like “Gooferment” debt or taxes.  But when you cut taxes, you must cut spending.  Seems so obvious to me.  Now the “tax and spend
D’s — Alexandria Ocasio-Cortez aka AOC is the latest in long line of fiscal illiterates with big spending ideas — are essentially the same as the “borrow and spend” R’s.  Both are a plague upon the nation. The current $526 billion deficit in 2019, 22T+ national debt, and the guesstimated 200T+ in unfunded liabilities that our posterity will have to deal with is a national disaster!

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