Loading ...October Budget Deficit Surges 34% To $134 Billion, Worst In Five Years
That next USA financial downturn, which could be only a $100B of deficit spending away, is going to go exponentially south once it arrives.
I think that chart is BS. It shows current debt-to-gdp of approx 75% when everybody knows it is already at 107% of GDP.
Bahahahaha. It’s ALL Kuroded!
Issue as much debt as it takes to be able to say “the economy is GREAT, etc.” according to massaged rules that allow the so-called justification for such a statement. Same goes for USA company financial performance.
Again, IT’S ALL KURODED!
Why does the deficit matter anymore when we all know creating money out of thin air has been going on for decades?
Became visible in 2008 because the economy as too small to support the concealed money printer.