It's Bad: Us Budget Deficit 60% Higher Than Final Year

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Title : It's Bad: Us Budget Deficit 60% Higher Than Final Year
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It's Bad: Us Budget Deficit 60% Higher Than Final Year

The US recorded a $100.5 billion budget deficit inward October, an growth of close lx per centum from a yr earlier.

According to Bloomberg, the deficit widened from $63.2 billion inward the same calendar month terminal year.

The Big Factor:

Spending grew twice every bit fast every bit revenue.

It is alone probable to larn worse every bit involvement rates give-up the ghost along to climb.

The big inquiry at i time becomes: When volition the Federal Reserve start monetizing the novel debt, which volition post toll inflation soaring?

Hug your aureate coins tonight.

-RW 



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