2021 deficit is already running higher than the last 4 years over the same period, BEFORE the next round of stimulus is voted by congress, we are already set for another budget deficit record year...
While total debt (inc. Consumers, Domestic Financial and non-financial) will get near $90 Trillion (= 428% of US GDP)
3 ways to get out of it:
- Printing more money
- Inflation
- Raising Taxes
It is very likely to see a combination of the 3 as a solution.
- Printing more money
- Inflation
- Raising Taxes
It is very likely to see a combination of the 3 as a solution.