US Federal deficit unexpectedly set to double this year

US Federal deficit unexpectedly set to double this year

From axios.com

The federal deficit is expected to nearly double this year, from about $1 trillion last year to $2 trillion for the fiscal year ending Sept. 30 Why it matters: There's no precedent for deficits this large, as a share of the economy — outside war, deep recession or pandemic. • The WashPost's Jeff Stein reported Sunday on the stunning projected figure from the Committee for a Responsible Federal Budget. Between the lines: Such huge spending imbalances contribute to high interest rates for consumers — including mortgages — in the short run. • In the long run, it means interest costs will likely squeeze all ... (full story)

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Federal deficit unexpectedly set to double this year

Well.... what can I say

Carbon-Dioxide: the gas of life!

There is a big price to pay for the reckless ''Bidenomics'' spending. Thank you Joe.LOL.

Unexpectedly?? how stupid one could be not seeing this coming. It's just silly even to mention it.

Against this backdrop the US$ is getting stronger!

Deficit is just a number

...ok, it only affects stupid people

...it only affects those who make bad investments

...and of course, affects morons like frustrated unsuccessful retail traders

Quoting bogdan11

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There is a big price to pay for the reckless ''Bidenomics'' spending. Thank you Joe.LOL.

Ignored

How about a living Cheeto with yellow hair, an old, narcissistic ignoramus, a one term president ...type of economics ?!?!

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