Interest Rates On Soaring Govt Debt To Be Held Down By Conservative Consumers
Rupert Hargreaves2018-03-12T09:55:44-04:00
Thanks to president Trump's tax cuts and the passing of the $400 billion budget bill in February, the federal budget deficit will climb to an estimated $1.1 trillion in 2019, up from $665 billion in 2017 according to the analysis by the non-partisan Committee for a Responsible Federal Budget.
Also see 2018 and 2017 hedge fund letters
The deficit will continue to balloon throughout the 2020s hitting an estimated $1.7 trillion by 2028, $200 billion above the previously estimated $1.5 trillion deficit.
Author
Rupert Hargreaves
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Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway.
Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK.
Rupert covers everything value investing for ValueWalk
