The Debt Doctor Predicts a 2016 Recession (Part 2)
From the doc:
"The one group of decision makers that need to pay attention to this is our legislators in Congress. A downturn would immediately translate into a sharply rising deficit. Keep in mind that personal income is by far the largest tax base for the federal govenrment, responsible for approximately 80 percent of all federal tax revenue. A weaker labor market will have immediate, and painful, effects on the federal budget."
Click on the Debt Doctor for the rest of the analysis.
