Deficit? What Deficit?

LPL Research: John J. Canally, Jr., CFA Chief Economic Strategist, LPL Financial

Written by 
 Boone Wealth Advisors

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The U.S. presidential election is only ten weeks away, and one key topic has been largely absent on the campaign trail in this “unusual” election year: the deficit. While both Hillary Clinton and Donald Trump have floated plans to cut and/ or reform taxes and make significant investment in the nation’s infrastructure (see our Weekly Economic Commentary from August 22, 2016, “Fiscal Policy — String Theory,” for more details), talk of the debt and deficit on the campaign trail has been overshadowed in this election, to put it kindly. We are hopeful that the three scheduled presidential debates, set for September 26, October 9, and October 19, 2016, may provide a forum for such a discussion, as they have in past election cycles. In this week’s commentary, we assess the current state of the deficit and debt as fiscal year (FY) 2016 draws to a close on September 30, 2016, and look ahead to the medium and long-term status of the deficit...

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Written by Boone Wealth Advisors

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