The US is now spending 44% of GDP per year, the same levels ...
The US is now spending 44% of GDP per year, the same levels as World War 2.
Deficit spending alone is a massive 6% of GDP per year.
This means that after just ~8 years, the US deficit will grow by HALF of the US GDP.
Since the debt ceiling crisis, the US has been borrowing ~$14 billion PER DAY to cover deficit spending.
By 2033, Bloomberg projects deficit spending will be ~7% of GDP.
The US is spending like we are in a recession while calling for a "soft landing."
How does this make any sense?
Deficit spending alone is a massive 6% of GDP per year.
This means that after just ~8 years, the US deficit will grow by HALF of the US GDP.
Since the debt ceiling crisis, the US has been borrowing ~$14 billion PER DAY to cover deficit spending.
By 2033, Bloomberg projects deficit spending will be ~7% of GDP.
The US is spending like we are in a recession while calling for a "soft landing."
How does this make any sense?
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