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Analysis: Deficit Spending Is Deeply Harmful To Long-Term Economic Growth

by Daily Wire
July 18, 2021
in Economy
Analysis: Deficit Spending Is Deeply Harmful To Long-Term Economic Growth

President Biden A new analysis reveals that long-term economic growth in the United States is significantly dampened by federal deficit spending.

Economists from Penn Wharton Budget Model — a project of the University of Pennsylvania’s Wharton School that evaluates public policy proposals — released an interactive tool that permits users to observe the effects of deficit spending on the American economy.

Under deficit-financed spending proposals of $100 billion, $1 trillion, and $10 trillion, the American economy contracts in the long-term — a reality explained by the “crowding out effect.”As Penn Wharton Budget Model says of debt that funds public spending: The […]

Read the rest of this story here: www.dailywire.com

The Biden Regime and Globalists Don’t Want You Owning Precious Metals

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Precious metals are historically the most reliable and safest hedge against economic turmoil. With the Biden regime and globalists enhancing the chaos, it’s important for patriotic Americans to take control of their financial future.

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