When Does Federal Debt Reach Unsustainable Levels? — Penn Wharton Budget Model
budgetmodel.wharton.upenn.edu
PWBM estimates that---even under myopic expectations---financial markets cannot sustain more than the next 20 years of accumulated deficits projected under current U.S. fiscal policy. Forward-looking financial markets are, therefore, effectively betting that future fiscal policy will provide substan

Wharton budget model estimates that—even under myopic expectations—financial markets cannot sustain more than the next 20 years of accumulated deficits projected under current U.S. fiscal policy.