4 Ways to Handle the Massive Increase in Deficits and Debt?

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  1. Economic growth
  2. Raising taxes
  3. Inflation
  4. Reduction of government services.

Cuts aren’t on the table and no indication that economic growth is a priority…so that leaves taxes and inflation…be prepared.

“A country can’t inflate its way out of debt. Inflation raises the cost of living, reduces the real value of incomes, harms creditors at the expense of debtors, raises interest rates. Inflation destroys the value of a currency. Stable money is as important as the Constitution.”
Brian Wesbury, Chief Economist, First Trust Portfolios