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Assessing the US Fiscal Imbalance: Why It Matters

In: Investing in the Trump Era

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  • Nicholas P. Sargen

    (Fort Washington Investment Advisors)

Abstract

One issue that was not discussed in any depth during the 2016 election is the state of the federal government’s finances, a subject that traditionally has been important for the Republican Party. To be sure, Republican candidates criticized the Obama administration for a massive buildup in federal debt from 2009 through 2016 (see Fig. 3.1). The response from Democrats was that it was a legacy from the 2008 crisis during the Bush administration, and Donald Trump’s proposals for the budget would cause it to balloon considerably more. Beyond this give-and-take, the issue of the sustainability of federal finances was ignored, and there was no sense of urgency about the problem.

Suggested Citation

  • Nicholas P. Sargen, 2018. "Assessing the US Fiscal Imbalance: Why It Matters," Springer Books, in: Investing in the Trump Era, chapter 0, pages 31-41, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-76045-2_3
    DOI: 10.1007/978-3-319-76045-2_3
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