Same people who didn’t predict the 2008 credit crisis, the collapse of the overnight lending markets in Sept, 2019 and the financial fall-out from the pandemic are pretending that’s the last of the disruptions.

Increasing taxes shouldn’t even be a consideration but politicians can’t help themselves and it makes recovery that much harder.

If not, then the choice we’ll be given is between increasing revenues through higher taxes or increased revenues through economic growth.

Six months since the last fiscal update. Three months since the government stopped sending the bi-weekly financials to the Parliamentary Budget Office. The feds finally give their deficit forecast.