How to Get Our Budget Deficit Under Control (Matt Mitchell)
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Uploaded by MercatusCenter on Sep 27, 2011
Matt Mitchell explains why the budget deficit is becoming a bigger problem, what budget remedies have worked and failed in other countries, and how automatic fiscal stimulus happens without politicians doing anything.
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@muirgeo Yep. The CBO projects that revenue will get back to its historical average (about 18.4 percent of GDP) within a decade. Currently, revenue is at 14.8 percent of GDP.
mattdmitchell 5 months ago
Historically, tax revenues tend to stick around 18% of GDP.
Cronkmaster 5 months ago
At 1:56 Revenue appears to be at 20% of GDP. Really???
muirgeo 5 months ago
Very good information!
jrtnews 5 months ago