Budget ... returning to 'only' a $1.3T deficit (on a good day)

[UCFBS]

I don't want to just demonizing Biden. To be honest, we've been running $1-1.3T/year deficits since the Great Recession.

But this is basically how I feel as well ... lots of lip service. Not saying Biden's alone, far from it! But he's just continuing the same lack of real leadership we've had since late W.

Even more difficult choices are coming with inflation. Let's just hope it's not too deadly for our future altogether.

Biden’s $5.8T budget proposal would be laughable — if it weren’t so alarming

The Biden administration’s proposed $5.8 trillion budget leaves a whopping $1.3 trillion in red ink, which will only further fuel inflation.

nypost.com

 

[Crazyhole]

And within 24 hours, 2/10 year treasuries have inverted.

 

[Crazyhole]

Is it sustainable for an economy to have over 1/3rd of GDP coming from government spending?

 

[goodknightfl]

Biden was always part of the problem, not answer.
Politicians for at least 50 years have been robber barons.
Washington was there for them to rob.

 

[UCFBS]

Is it sustainable for an economy to have over 1/3rd of GDP coming from government spending?

Nope.

Biden was always part of the problem, not answer.
Politicians for at least 50 years have been robber barons.
Washington was there for them to rob.

Literally the definition of the swamp.

Yep.