Its going to get worse...the one chart I have in there is from 2015 and the actual 2018 deficit is 2x what the CBO was estimating then. I think in a hard recession, we will see $2.5-$4.0 trillion deficits if interest rates move up fast enough. Then we are just shy of a Banana Republic.
Its going to get worse...the one chart I have in there is from 2015 and the actual 2018 deficit is 2x what the CBO was estimating then. I think in a hard recession, we will see $2.5-$4.0 trillion deficits if interest rates move up fast enough. Then we are just shy of a Banana Republic.