Official Report from the Federal Government Declares U.S. Fiscal Policy “Unsustainable” – Pursuit

What is causing this perpetually widening fiscal gap?Simple. Again, right out of the report: “After FY 2024, increased spending for Social Security and health programs is projected to result in increasing primary deficits that will peak in FY 2040 at 3.9 percent. This effect is due to the continued retirement of the baby boom generation and increases in health care costs.”

Source: Official Report from the Federal Government Declares U.S. Fiscal Policy “Unsustainable” – Pursuit

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