Share
5,312 Posts.
lightbulb Created with Sketch. 4257
clock Created with Sketch. 05/08/24
14:06
Share
Originally posted by calmbeforestorm:
↑
If there is a recession in the US then we will probably see the deficit top $3tr next year from the 23/24 current estimate of $1.9tr which may end up over $2tr. I was listening to a podcast last night and one guest suggested it would go to $3.5tr to $4tr which is possible. And that is just one year - the impact of a recession would result in a few years of very high deficits such that the cumulative deficit could easily get to $10tr over a few years. That would result in the US government debt rising to over $45tr which would be circa 150% of GDP maybe higher.
Expand
217 trillion in unfunded liabilities.
(20min delay)