House Republicans released legislation Sunday that would increase Pentagon spending by $150 billion, pushing the total defense budget for fiscal year 2025 to more than $1 trillion if passed, which obviously will also substantially increase the federal deficit which will then increase inflation. 🇺🇸 So then we’re looking at higher prices from higher inflation as well as higher prices from new tariffs starting in July. It seems likely we can expect significant stagflation or a recession starting later in the summer.
