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Deficit? What Deficit?

Read Entire Article...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, 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. Read Entire Article…

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Written by: LPL Financial Research

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