“Worry About the Federal Deficit”

In Analysis by Michael Rae

Worry About the Federal Deficit is the title of an article William Silber posted on LinkedIn several weeks ago. In it, the retired finance professor distills a lifetime of research and experience into a warning about the fiscal state of the U.S. government.
The Federal government is spending a lot more than it receives in taxes, so it is running a deficit that is financed by borrowing in the bond market. The size of the deficit relative to total domestic production (GDP), a rough measure of our ability to pay for our indebtedness, is about 6% in 2023. That percent has been

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