Us Budget Deficit Could Take 10 Years To Resolve

Discussion in 'Politics Discussion' started by longtermbull, Mar 29, 2017.

  1. longtermbull

    longtermbull Administrator Staff Member

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    Mick Mulvaney, Donald Trump’s Director of the Office of Management and Budget, is under significant pressure after admitting that the US Federal budget deficit could take 10 years to resolve. This despite the fact that Donald Trump suggested he would immediately eliminate the deficit and potentially pay-off federal debt within just eight years. This is perhaps the first hiccup from an economic point of view since Donald Trump took office. So, why might the US budget deficit take 10 years to resolve?

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