Feldstein Says U.S. Projected Deficits Are 'Terrible'

The video discusses the implications of persistent $1 trillion deficits, referencing the Elmendorf chart and comparing current trends to those during Reagan's presidency. It highlights the sharp increase in deficits due to recession and tax changes, and the unexpected success of Paul Volcker in reducing inflation. The current national debt to GDP ratio is examined, with projections indicating a rise to nearly 100% in the next decade. The video concludes with a discussion on funding infrastructure spending through a combination of federal, state, local, and private investments.

What is the projected national debt to GDP ratio in the next 10 years according to the Congressional Budget Office?

How does the administration plan to fund the infrastructure spending?