Aug 14, 2019
10:06:11pm
10:06:11pm
Usually the massive deficits occur during recessions, when tax revenues drop and
(in some cases) the government introduces temporary increased spending to stimulate the economy.
The problem is that this time, we have a massive, growing, trillion-dollar deficit when the economy is strong, in the latter stages of an expansion, when deficits are usually small or non-existent. What will happen to the deficit when there is an actual recession?
The problem is that this time, we have a massive, growing, trillion-dollar deficit when the economy is strong, in the latter stages of an expansion, when deficits are usually small or non-existent. What will happen to the deficit when there is an actual recession?
Originally posted on Aug 14, 2019 at 10:06:11pm
Message modified by chilango on Aug 14, 2019 at 10:06:49pm
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