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revenue increasesCNBC
•62% Informative
Roger Altman : Outlaws outlays for spending have hit 24.2% of GDP and they averaged 24% over the next decade .
He says the only solution to this is going to involve both sides of the equation, spending and revenues.
Altman says the idea of a 7% deficit in an economy this strong is dangerous and we have to fix that.
All major equity indices at all time highs.
Inflation coming down headed right toward the Fed 's long term target.
The economy growing at about 2.7% despite the slowing we're seeing in terms of retail sales and certain consumer products slowing.
So it's a very, very good environment, a Goldilocks environment for markets.
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