The government’s projection of the fiscal deficit carries a sobering implication: it foresees the Federal debt doubling within a mere 12 years.
The government's own estimate of the fiscal deficit implies that the Federal debt will double in 12 years.
What is even more ludicrous:
This projection does not assume any recessions or the scenario of transitioning into a wartime regime. pic.twitter.com/Oe8rzyWxfw
— Otavio (Tavi) Costa (@TaviCosta) October 25, 2023