President’s Budget Plan Would, Indeed, Stabilize the Debt/ Center on Budget & Policy Priorities

President’s Budget Plan Would, Indeed, Stabilize the Debt:

"Every major budget commission of recent years has concluded that arresting the rise in the debt as a share of the economy, and then keeping it stable, is the core fiscal policy goal for the decade ahead. The Office of Management and Budget (OMB) estimates that under the President’s plan, debt would hit 76.9 percent of GDP in 2013 but then decline to 73 percent of GDP in 2021. In the second half of the decade — 2017 through 2021 — the debt-to-GDP ratio would be stable, declining slightly from 74.8 percent of GDP to 74.2 percent, 73.8 percent, 73.4 percent, and 73.0 percent."
'via Blog this'