In Part 2 we noted that owing to OBBBA and all the reckless fiscal policies which had gone before, the Federal budget has become a Fiscal Doomsday Machine. Based on CBO’s latest long-term projections, it’s on a path toward annual deficits of 9.1% of GDP by mid-century and public debt equal to 175% of GDP. […]
Coming Soon—The Mother Of All Debt Explosions, Part 3
