Federal Budget Deficit Forecast To Surge As Baby Boomers Retire
You might not know it given the uproar over the debt limit and the government shutdown, but the federal deficit has been falling. Fast. So fast, in fact, that some analysts think that lower spending is hurting economic growth. However, the drop is only temporary. The deficit is forecast to surge in the second half of the decade as Baby Boomers retire. Washington has yet to address the main threat to the nation’s solvency: growth in entitlement programs...Read More
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