Can’t seem to find their long term inflation problem that has to be behind this conclusion?
The Fed’s long term inflation forecast is 2%, so no long term deficit problem implied there…
August 26 (AP) — The biggest fiscal challenge facing the U.S. is the size of projected deficits in the 2020s and 2030s, according to a survey of business economists.
The National Association for Business Economics surveyed 220 of its members in July and August. The survey found that members were more concerned about the size of deficits in the next two decades than current deficits or deficits over the next 10 years: 43 percent of the economists named budget gaps in the 2020s and 2030s as the top fiscal challenge, compared with 37 percent who chose projected deficits over the next 10 years.
The policy survey found that no consensus on the best way to address those deficits.