The federal budget hurtles towards disaster, stuck on autopilot with spending spiraling out of control. Even drastic cuts won’t suffice. Inflating our way out is futile; mandatory spending is tied to inflation. There’s no cash for green energy ventures, welfare, or shady deals abroad. The bill is looming, and bond market tremors hint at impending catastrophe.
The federal budget is on a collision course with Archimedes: most of the spending is on autopilot and will continue to grow out of control, even if Congress cuts discretionary spending to the bone.
And don't think we can inflate our way out of this by devaluing the dollar further… pic.twitter.com/NO2T7uDmRh— E.J. Antoni, Ph.D. (@RealEJAntoni) April 2, 2024
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