← All Claims

The U.S. fiscal deficit is now projected at 8% of GDP for the current year—far larger than previously thought—which is extraordinary for an economy at full employment and signals a major structural fiscal crisis.

factualpending

Speaker

Niall Ferguson

Evidence Quote

“the Congressional budget office just uh did its math and decided that actually the deficit is going to be far larger this year than it previously thought just a few months ago so we're looking at 8% of gross domestic product”

Source

The 4 Biggest Threats to the West, According to Historian Ferguson | At Barron's— Barron's
Created: 8/12/2026, 10:29:25 PM

My Notes

Loading notes...