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Economic Outlook for 2022 and Beyond

John Silva

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FEDERAL SPENDING, DEBT CEILING, AND THE COST OF DEFAULT

It’s not the debt ceiling, dear investor, it’s the spending. There is no free lunch. Federal government spending drives the tax burden and the pace of Treasury finance. The debt ceiling is merely a stop-gap political measure to limit the real driver—the spending.

The Very Short Run –The Debt Ceiling

For investors, the debt ceiling crisis of August 2011 revealed …

About the Author
John Silva
President of Dynamic Economic Strategy LLC; former Managing Director and Chief Economist, Wells Fargo Securities
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