CBO: GOP tax bill would add $3.4 trillion to U.S. debt | Honolulu Star-Advertiser

Budget office ignores rhetoric, says GOP megabill would add $3.4 trillion to the debt

The more Republican leaders insist that their far-right megabill would shrink the deficit, the more arithmetic from the CBO points in the opposite direction.

CBO: GOP tax bill would add $3.4 trillion to U.S. debt | Honolulu Star-Advertiser

House Republicans’ sprawling package to cut taxes and slash federal safety-net programs would add about $3.4 trillion to the debt, according to nonpartisan congressional analysts, who reported today that the minor gains in economic growth under the bill would not offset its full fiscal impact.

U.S. debt: Changing facts, updating views

By Atul Bhatia, CFA Key points We think investors need to be cognizant of the fundamental unsustainability of U.S. fiscal dynamics and what we view as a high probability that markets—not politicians or even voters—will be the catalyst for change. We believe global diversification and volatility management are the best responses to rising debt levels. The sooner markets reject the current dynamic, the better, in our view. We think the costs of …