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Despite Declining Deficit, Foreigners Arent Bailing Us Out, So the Fed Will Keep QE Going - Bud Conrad
Bud Conrad, Chief Economist - Casey Research GoldSeek.com The basic imbalance driving our economy is the government deficit, which spun out of control as a result of the Credit Crisis of 2008/9. But the sequester, improving tax base, lower interest rate, and elimination of stimulus spending have caused the big government deficit, while still extreme, to drop to half its previously nosebleed levels. Even so, the deficits remain well out of proportion for a sustainable future. Projections for future government expenditures, including those related to the masses of retiring baby boomers, are on track to increase exponentially.
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