The NY Fed Worries

Under those projections, deficits were expected to increase from 3.5% of GDP in FY2017 to 5.2% of GDP in FY2027, due primarily to rapid increases in outlays for Social Security and Medicare. #EconomySnapshot pic.twitter.com/m6SVbUAuXA

— New York Fed (@NewYorkFed) October 16, 2018