Documents tagged "Morgan"
Found 22 documents with this tag
HOUSE_OVERSIGHT_025221.txt
The document discusses the US debt ceiling negotiations and how they impact large cap growth stocks and rising corporate profits. The writer compares the current situation to a similar discussion in the 1980s when President Reagan scolded Congressional Republicans for delaying debt ceiling increases, which at that time was only half of what it is today relative to GDP or government revenues. The writer argues that while unconstrained debt growth with no plan to slow it is bad, default is also a very bad idea and suggests that debt limit legislation serves as a way for a democracy to decide whether mega-deficits are in the long-term public interest.
HOUSE_OVERSIGHT_020824.txt
The document presents a business-like analysis of the US federal government's financial situation using an income statement and balance sheet. The report aims to inform public debate on national finances by illustrating patterns and trends in easy-to-understand ways, examining revenue drivers, expense growth history, and scenarios for positive cash flow. Key contributors include Liang Wu, Fred Miller, Richard Ravitch, Emil Henry, Laura Tyson, Al Gore, Meg Whitman, John Cogan, Peter Orszag, Chris Liddell, among others. The report consists of a foreword, summary, and 460 PowerPoint slides containing data-rich observations, which are made available under the Creative Commons license for non-commercial distribution to encourage public discussion on America's financial present and future.