6min chapter

The Daily cover image

The Problem With a $2 Trillion Deficit

The Daily

CHAPTER

Deficit Dynamics in a Growing Economy

This chapter explores the paradox of a growing economy grappling with a soaring $2 trillion deficit, emphasizing rising borrowing costs and declining tax revenues as key contributors. It illustrates the potential dangers of a negative feedback loop and draws parallels between government financial issues and those faced by average citizens.

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