Fiscal Truth and Investment Consequences

Published: Nov. 18, 2019, 8:01 a.m.

b'America\\u2019s finances have been deteriorating for almost two decades. In October 2000, the Treasury Department announced a budget surplus for the just-ended fiscal year of $236 billion or 2.3% of GDP. The federal debt amounted to just over $3.4 trillion or 34% of GDP.'