U.S. Economic Update: Inflation, the Deficit, and the Debt Limit
Tax Notes Talk
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The Double Whammy of Higher Debt and Higher Interest Rates
Before the pandemic, there was a long-term trend towards an aging society. That meant larger deficits because of increased spending on Social Security and Medicare. We're pretty much over the pandemic from an economic point of view, except for inflation. Now we have unprecedentedly high debt levels with higher interest rates.
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