“6.5 trillion is a reasonable guess for this year’s deficit. GDP will shrink substantially and a reasonable estimate of that would be 17 trillion, down from 21.5.”
The shutdown was a disaster. It never should have happened. Our children’s children will be paying for this fiasco long after we are gone.
While one can quibble about the numbers (like arguing how tall the iceberg was that sunk the Titanic), the bottom line is our debt as a nation is growing exponentially and there will be a price to pay for that. The article does a decent job of detailing the consequences, which are real.
There will be a day of reckoning!
“exponentially “
No, it is not. I don’t think you know what an exponential is.
Well, there will be upheaval, but a substance created from nothingness (money, from the Fed) can’t possibly be something that kills anyone since you can just change those numbers by decree.
What is happening is money is becoming meaningless. The virus will be the excuse, but it was underway regardless.