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 is the significance of the term 'deficit Hawks' in the context of this discussion?

How does the current deficit compare to historical standards?