This stunning statement, courtesy of another esteemed forum guest:
U.S. budget deficit breached $3.1 trillion in 2020 as pandemic slammed economy
New White House data show how a huge surge in spending to confront the economic fallout fueled a historic increase in debt
Treasury Secretary Steven Mnuchin, from left, OMB Budget Director Russell Vought and Scott Atlas, senior fellow at the Hoover Institution, listen as President Trump speaks
Oct. 16, 2020
The U.S. budget deficit eclipsed $3.1 trillion in the fiscal year that ended Sept. 30, according to government data released Friday, by far the biggest one-year gap in U.S. history.
The data are a stark reflection of the staggering blow that the coronavirus pandemic has dealt to the U.S. economy.
https://www.washingtonpost.com/us-po...t-coronavirus/
$27 Trillion
The US debt is now projected to be larger than the US economy
Thu October 8, 2020
https://www.cnn.com/2020/10/08/econo...cbo/index.html
Un-Related
BlackRock Authored the Bailout Plan Before There Was a Crisis
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