2024's Deficit Is Already on Track to Be the Worst Since Covid

2024’s Deficit Is Already on Track to Be the Worst Since Covid

SGT Report - 2023-12-27 - Original post - Cached copy

by Ryan McMaken, Mises Institute: Weakness in the US economy continues to hide behind surging debt levels and government spending. As noted last month by Daniel LaCalle, [A] large part of the growth in GDP came from bloated government spending financed with more debt and inventory revaluation, adding 0.8 and 1.4 percentage points to GDP growth. […]

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