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Debunking U.S. Budget Deficit Myth
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Overview
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The article debunks the myth of a looming fiscal cliff due to rising interest rates and federal debt in the U.S. It reveals that despite interest payments doubling since 2021, they remain a smaller part of federal outlays and GDP compared to other expenses.
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How might the disproval of the fiscal cliff myth reshape economic forecasts?
In what ways could this analysis influence public perception of the U.S. budget deficit?
What strategies could the U.S. government employ to manage rising interest payments effectively?
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