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Johnny2X2X

(23,280 posts)

4. The Deficit

Reply to turbinetree (Original post)

Wed Sep 12, 2018, 10:07 AM

Sep 2018

The economy is good right now, this would have been the time to get the deficit under control. It will be so out of control when a recession hits that the government won't have any tools available to help.

The Budget Deficit is about to hit $1 Trillion in a good economy, that could be more than doubled if a severe recession hits. I can't imagine any stimulus getting passed with a $2 Trillion deficit.

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Highlight:

Ten years on from the financial crash, we need to get ready for another one [View all] turbinetree Sep 2018 OP

It is coming and it will be far worst than 2008 . . . Iliyah Sep 2018 #1

When and if the democrats get back into power, they / we will have to correct this situation turbinetree Sep 2018 #2

It waas all about leverage zipplewrath Sep 2018 #3

The Deficit Johnny2X2X Sep 2018 #4