U.S. Budget Deficit Jumps to $100 Billion at Start of Fiscal Year https://www.bloomberg.com/news/articles/2018-11-13/u-s-budget-gap-jumps-to-100-billion-at-start-of-fiscal-year
Thanks Obama. Oh wait, itâs the fiscal conservatives in charge.
That's banks paper money. Can print more any time.
wow
this is one of those times I wish I took macro econ in college. what are some implications of this wrt personal finance?
You will be able to buy 1million home for 5 million dollars. So buy it while it is still 1.5m.
Well if youâd taken intermediate or advanced macro youâd learn that the debt isnât a big deal. So no implications for personal finance besides what you already know. Diversify, get some hard assets, a couple gold coins, etc. majored in Econ ama
Did you see where government revenue is up YoY for the last 12 months? Tax cuts ainât the issue.
Yep, a whole lotta fuss about nuthin
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Government debt is nothing like credit card.
yep. With credit card debt, you just at the most fuck up your own life. Here it is the entire country. By the way, is the whole tricke down thing working?
The government wonât default. The Fed can print money whenever it wants.