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Is the US Economy Ready for a Post-Pandemic Budget Tightening?
Posted
November 24, 2023
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1:11Now PlayingThe $5 trillion of emergency pandemic spending between 2020 and 2022 left the US government with a rapidly widening budget deficit. In addition, Social Security and Medicare expenses are rising due to inflation adjustments and Boomers retiring. The difficult budget deficit arithmetic suggests we are entering a sustained period of spending restraint. Is the US economy strong enough for a period of relative austerity? Presented by @cmegroup
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