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The Rabbit Hole 2y ago

The debt ceiling deal:

By January 2025, less than two years away, the debt will increase from $31.4 T to $36 trillion.

And for this there are no spending reforms and some token $50 billion in cuts? They clawed back some unspent Covid money.

Waste of time.

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The Rabbit Hole 2y ago

If we have a recession, the numbers will be even worse.

Tax revenue declines and spending increases during recessions.

More extended unemployment benefits, expanded food stamps, stimmy checks, etc.