JPM's Kasman Says U.S. Faces High Structural Deficit

The video discusses global economic concerns, focusing on deficit trends from the 1980s to the Clinton era. It highlights policy implications for tax reform, debates between deficit hawks and potential Trump policies, and the current deficit context in relation to historical standards and employment levels.

What was the average deficit to GDP ratio from the 1980s to the 1990s?

• 2%

• 4%

• 6%

• 8%

Which political group is already discussing the deficit issue according to the transcript?

• Democrats

• Libertarians

• Republicans

• Independents

What is the focus of the current political discourse on deficits?

• Increasing government spending

• Expanding social programs

• Revenue neutrality in tax reform

• Reducing military expenditure

Who are expected to have more influence over deficit discussions?

• The President

• The Supreme Court

• The Senate

• Deficit Hawks and the Freedom Caucus

What is notable about the current structural deficit?

• It is the lowest in decades

• It is high during periods of near full employment

• It is low by historical standards

• It is irrelevant to current policy