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Fed Chair Alan Greenspan issued his latest warning Tuesday about the fiscal situation in the U.S., saying that larger budget deficits ultimately will cause inflation.
The spending shortfall has surged under President Donald Trump, rising to just shy of $1 trillion in fiscal 2019.
Greenspan told CNBC that “inflation is inevitably going to rise” and pose larger threats to the economy.
The deficit has continued to swell under President Donald Trump, going from $665 billion during his first year in office in 2017 to this past year’s $984 billion, a jump of nearly 50%
It's easier to pay down debt with inflated dollars. Kind of takes care of the problem itself. The fed has been pushing for inflation for the past decade, but hasn't succeeded with the puny, wimpy Obama economy. Trump appears to have succeeded in energizing the economy and setting the stage for real inflation to occur.
The deficit has continued to swell under President Donald Trump, going from $665 billion during his first year in office in 2017 to this past year’s $984 billion, a jump of nearly 50%
And how much of that money spent went to building the imaginary wall?
Its easier to pay it down when you first stop running it up.
Good luck with that. Half this country wants the government to be the center of their universe, and their primary economic driving force. Not sure there is any going back at this point, besides total and complete economic collapse/reset.
Good luck with that. Half this country wants the government to be the center of their universe, and their primary economic driving force. Not sure there is any going back at this point, besides total and complete economic collapse/reset.
We reduced deficits from $1.4 trillion to $400 billion in a matter of few years until Trump reversed the course. There is no reason why it cant be done again.
Op's orange man bad topic of the day. If Trump could get a budget past the house with some cuts, perhaps we wouldnt be here. After pubs sweep in '20, expect the cuts to happen.
It's easier to pay down debt with inflated dollars. Kind of takes care of the problem itself. The fed has been pushing for inflation for the past decade, but hasn't succeeded with the puny, wimpy Obama economy. Trump appears to have succeeded in energizing the economy and setting the stage for real inflation to occur.
Inflation is a tax upon retirees that is imposed without Congressional approval. Time for Granny to toss some more tea into the harbor.
It's easier to pay down debt with inflated dollars. Kind of takes care of the problem itself. The fed has been pushing for inflation for the past decade, but hasn't succeeded with the puny, wimpy Obama economy. Trump appears to have succeeded in energizing the economy and setting the stage for real inflation to occur.
You mean Congress isn’t shutting down government anymore when we run Keynesian stimulus?
Even Keynes would be shaking his head at these deficits.
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