Newsweek/Jason Lemon/4-3-2020
Cartoon courtesy of MichaelPRamirez.com
“The stimulus spending will come as the U.S. was already planning for a budget deficit of about $1 trillion in the current fiscal year. As the national debt already stands at about $23.5 trillion, CNBC reported on Monday that the ballooning debt could grow to $25 trillion or higher in the coming months.”
USAGOLD note: Long after the virus has come and gone, the national debt will remain a burden on the American people. And given the numbers that are being thrown around for current and future fiscal rescue packages, $25 trillion is likely at the low end of where we will end up.
