{"id":259052,"date":"2024-09-09T19:25:35","date_gmt":"2024-09-09T19:25:35","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/09\/09\/if-you-really-are-worried-about-federal-debt-accumulation\/"},"modified":"2025-06-25T17:11:26","modified_gmt":"2025-06-25T17:11:26","slug":"if-you-really-are-worried-about-federal-debt-accumulation","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/09\/09\/if-you-really-are-worried-about-federal-debt-accumulation\/","title":{"rendered":"If You *Really* Are Worried about Federal Debt Accumulation\u2026"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-53589\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>Consider this graph (based on Penn Wharton Budget Model scoring, from the <a href=\"https:\/\/www.economist.com\/finance-and-economics\/2024\/09\/05\/america-has-a-huge-deficit-which-candidate-would-make-it-worse\">Economist<\/a>):<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/fiscalimpact_trump_harris_economist.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-53590\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/fiscalimpact_trump_harris_economist.png\" alt=\"\" width=\"480\" height=\"1124\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/fiscalimpact_trump_harris_economist.png 480w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/fiscalimpact_trump_harris_economist-128x300.png 128w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/09\/fiscalimpact_trump_harris_economist-437x1024.png 437w\" sizes=\"(max-width: 480px) 100vw, 480px\"\/><\/a><\/p>\n<p>\u00a0<\/p>\n<p>Note: With respect to tariffs, the trade war (retaliation, uncertainty, reduced aggregate demand) associated with implementing wide-ranging tariffs is omitted. So consider the Trump impact at the lower end of total deficit increase. For macro implications re: GDP growth, see\u00a0<a href=\"https:\/\/econbrowser.com\/archives\/2024\/09\/gs-on-the-post-election-economy\">here<\/a>.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2024\/09\/if-you-really-are-worried-about-federal-debt-accumulation\" title=\"11:15 am\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2024-09-09T11:15:44-07:00\">September 9, 2024<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2024\/09\/if-you-really-are-worried-about-federal-debt-accumulation\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Consider this graph (based on Penn Wharton Budget Model scoring, from the Economist): \u00a0 Note: With respect to tariffs, the trade war (retaliation, uncertainty,<\/p>\n","protected":false},"author":1,"featured_media":259053,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/259052"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=259052"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/259052\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/259053"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=259052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=259052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=259052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}