Thursday, April 30, 2020

This is How Bad the National Debt Explosion as a Result of COVID-19 Panic Is

Debt held by the public as a percentage of GDP will soon surpass World War 2 debt---and this doesn't count government obligations in terms of Social Security and healthcare payments, which were negligible during World War 2.

The Manhattan Institute reports, over the decade, the coronavirus lockdown downturn is projected to add nearly $8 trillion to the national debt—pushing the debt held by the public to $41 trillion within a decade, or 128% of GDP. This would exceed the national debt at the height of World War II.

This is mad and highly price inflationary. Hug your gold coins.


No comments:

Post a Comment