“There’s no precedent for deficits this large, as a share of the economy — outside war, deep recession or pandemic.”
Well, besides every other failed state that decided it made more sense to print money, bribe the electorate with impossible obligations, and buy foreign products instead of build value domestically and spend public resources wisely.
They are ‘inflating their way out of debt’.
Bond holders are soooooooooooo screwed..............