Even with a $2T deficit we’re still headed right into a recession

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by Jo-89002

As of the past 12 months, the federal budget deficit in the United States totaled $2.2 trillion. This amount is up 64% from the $1.4 trillion deficit in Fiscal Year 2022 and more than twice as large as the deficit prior to the beginning of the pandemic.

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The final revision for Q1 24 GDP is in, and it’s not pretty. 1.4%

  • Q3: 4.9%
  • Q4: 3.3%
  • Q1: 1.4%
  • Q2: ?
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You don’t have to be a Nobel Prize economist to see the trend.


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