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Deficit Spending

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Greg P
Greg P
Posted underBidenBudget DeficitNational DeficitStraight Arrow NewsWall Street JournalWashington Post

The U.S. government’s deficit is expected to reach $2 trillion this fiscal year, which is double last year’s deficit. Increased spending and decreased revenue, driven by higher interest rates, contribute to this significant deficit. This is concerning given the strong growth and low unemployment in the economy. Different media outlets point to factors such as high interest rates, lower tax revenues, and high inflation as contributors to the rising deficit. The widening deficit and low inflation raise important questions about the relationship between government spending and inflation.

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Greg P
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Cover Image for The Business of NCAA Football

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Greg P
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