"Victory on inflation"
Core PCE accelerates as government continues to print currency. pic.twitter.com/hxtOp0XAYl
— Daniel Lacalle (@dlacalle_IA) May 28, 2024
The acceleration of Core PCE (Personal Consumption Expenditures) coupled with ongoing currency printing paints a grim economic picture. As the government increases its monetary supply, inflationary pressures intensify, impacting everyday consumers and eroding purchasing power.
Beyond immediate concerns, the long-term fiscal outlook for the US is dire. Projections of unfunded liabilities reaching $78.3 trillion over the next 75 years are staggering. This astronomical figure underscores the mounting burden on future generations of taxpayers, highlighting a looming fiscal crisis that demands urgent attention and responsible fiscal stewardship.
Looking even further ahead, the forecasted funding gap of $175.3 trillion beyond the 75-year mark is almost incomprehensible in scale. Such levels of debt threaten economic stability, national sovereignty, and social programs critical to millions of Americans.
The unfunded liabilities that US taxpayers will face in next 75 years are projected to be $78.3 trillion.
US Treasury also forecasts that the funding gap beyond the 75-year forecast will get to an UNBELIEVABLE $175.3 trillion.
Debt crisis is rapidly worsening. pic.twitter.com/X9T2CWCWNr
— Global Markets Investor (@GlobalMktObserv) May 27, 2024