U.S. healthcare debate

Thoughts on U.S. Fiscal Policy

January 27, 2011

For three straight years, the federal deficit has hovered around 10% of GDP.  Without policy changes, long-term fiscal trends will be unsustainable, but crisis conditions do not exist at present.  The 3.44% ten-year Treasury yield is just 24 basis points above its average level since end-2009 and well below the means of 4.45% in the […] More

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